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Stoa raises $50M for single-family investment platform FlipOS

Stoa USA, a proptech that provides a professional single-family home investment platform, FlipOS, announced today raising a $50 million equity funding round led by Zeev Ventures, according to a press release.

The company says it will use the funding to finance expansion of its proptech and to hire 200 people by the end of 2022 (300% increase from the start of the year).

It says these roles will be focused at its headquarters markets in Phoenix, and added that it also plans to partner with more real estate investors in new markets.

Our team is thrilled to be raising this $50 million round at a significantly higher valuation than our previous round, which just closed last November,” stated Stoa cofounder Or Agassi in the release.

“Our continued growth indicates that we’re meeting a real need for real estate investors while providing communities across the country with good homes,” Agassi said.

Launched in early 2021, Stoa has raised about $200 million in venture funding to date, including a $136 million Series B led by Cantor Fitzgerald in late 2021.

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Through its FlipOS platform, Stoa operates a business model focused on professional investor partnerships, and says it leverages its technology to enable the purchase, renovation and sale of single-family homes at four times the speed of existing models.

“The Stoa team has built something truly unique with potential to dramatically change the way the single-family investment market operates. I am proud to support them in creating more good single-family homes through technology,” stated Zeev Ventures founding partner Oren Zeev.

In other recent proptech news, Veev‘s new CFO Gordon Heneweer discussed the next steps and plans for the alternative homebuilding firm. Local Logic head of insights Jason Stanley also explained the new SEC’s environmental impact proposal and its potential outcomes for the real estate industry.

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