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
18:2718.11.21
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.
Stoa co-founders Tom Sela and Or Agassi. Photo: Carrie Evans
“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 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.
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“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.
