Fort Ross Ventures invests in startup digitally transforming real estate markets

Jan 13, 2020
  • Venture capital fund invests in Roofstock of US
  • Fort Ross Ventures to help startup enter Russian market

 

January 13, 2020, Moscow — Fort Ross Ventures has invested in Roofstock, a California-based real estate startup that closed on a USD50 mln series D equity round.

Roofstock is a marketplace for investors to buy and sell single-family rental (SFR) homes. The company operates in the USA, one of the world’s largest real estate markets valued at trillions of dollars. Roofstock helps investors manage real estate and chooses tenants for them. As a result, the conservative offline SFR market, which used to be closed for most of US investors, is emerging as an asset that is as available and liquid, as crude or gold. Real estate is hard to manage, which is why in order to succeed in the market you’d need a high-tech platform coupled with thorough understanding of how this business operates, something that the Roofstock team is ready to deliver. Other renowned venture capital funds from the USA that invested in the company include Lightspeed Ventures, Canvas Ventures, Khosla Ventures, Bain Capital, Citi Ventures, etc.

Victor Orlovski, Managing Partner, Fort Ross Ventures,

“Roofstock is now in the vanguard of the booming real estate tech markets and has the potential to disrupt the entire industry. We have all the reasons to believe Roofstock will enjoy long-term success in the US and Russian markets. Leading US VCs, which have made huge investments in the startup as well, share our opinion.”