Stoa Raises $60 Million in Credit, $4 Million in Equity

Tel Aviv-based Stoa Fund Ltd. has raised a $60 million credit line as well as $4 million in equity in a funding round led by BRM and participated by Fintech Acquisition Corp. (FTAC), the company announced Monday.

Founded in 2018 by CEO Or Agassi, Tom Sella, and chief technology officer Jonathan Saragossi, Stoa develops a unified service that offers funding, comparables, inspections, project management, and marketing services to U.S. renovators, subcontractors, and buyers. The company employs 16 people, 10 of them in Israel. The company intends to use the funding to boost its research and development team in Israel and expand to other U.S. locations.