This site uses cookies to ensure the best viewing experience for our readers.
Stoa raises $136 million for its iBuyer platform

Stoa raises $136 million for its iBuyer platform

The FlipOS platform uses artificial intelligence to provide real estate investors with tools to fund, fix and sell their property

CTech | 18:27  18.11.2021
Stoa, a technology-based B2B iBuyer, announced on Thursday that it closed a $136 million Series B round to finance its platform, FlipOS. The round was led by a $36 million equity investment from Zeev Ventures, along with the BRM Group. In addition, a $100 million securitization deal was led by Cantor Fitzgerald, the preeminent global financial services firm and real estate investment company.

“The support from our new and existing investors is a testament to our exponential growth and reflects the promise of our unique approach to iBuying,” said Or Agassi, CEO of Stoa.

Stoa co-founders Tom Sela and Or Agassi. Photo: Carrie Evans Stoa co-founders Tom Sela and Or Agassi. Photo: Carrie Evans Stoa co-founders Tom Sela and Or Agassi. Photo: Carrie Evans

Stoa recorded over $20 million in revenue since the company’s launch in the beginning of 2021. The company’s tailor-made platform is designed for individual real estate investors and institutional buyers who want to outsource the asset scouting and renovation functions of their business.

Related articles

“The Stoa team figured out a way to optimize the entire professional iBuyer process from property funding, through renovation, to sale, in a way that makes a real impact on the amount of single family homes available for purchase or rental,” said Oren Zeev, founding partner of Zeev Ventures.

share on facebook share on twitter share on linkedin share on whatsapp share on mail

TAGS