Participated · Equity · Mar 2022

Knock offers a tech-enabled service that purchases a customer’s next home on their behalf, allowing them to move in immediately while Knock later lists and sells the old property on the open market. By removing the common timing and financing friction, the company aims to make relocating as simple as trading in a car. Knock is targeting the 64% of U.S. homeowners who must simultaneously buy and sell, providing certainty, convenience and cost efficiency during the transition. Its model eliminates the need for contingent offers and delivers liquidity to sellers up front. The firm positions itself as a full-stack solution, handling purchase, sale and related logistics within one integrated experience. Although specific revenue or user metrics were not disclosed, the company’s recent capital raise suggests continued investment in platform growth and geographic expansion.

Participated · Series E · Mar 2022

Roofstock is an end-to-end online platform for investing in single-family rental (SFR) homes. Its technology and software enable institutional and retail investors to buy, manage, and sell investment real estate online, providing a customized, transparent digital experience. The company plans to enhance its Roofstock One offering for accredited investors and build out Roofstock Labs, an internal incubator for next-generation products and services. It intends to hire across engineering, product, marketing, analytics and operations and to provide capital for additional strategic M&A. Roofstock has facilitated more than $5 billion in transaction volume, with more than half of that coming in the last year, signaling recent growth in activity. The company serves the $4 trillion single-family rental sector and is led by CEO Gary Beasley and co-founder and Chairman Gregor Watson. Roofstock operates an online marketplace that enables investors to buy, own and sell single-family rental homes across top U.S. markets. The platform provides market and neighborhood data, analytical tools and property-management oversight to simplify investment and lower barriers to entry. Roofstock markets products such as Roofstock One, which offers shares in fully managed investment homes starting at $5,000, and is rolling out Roofstock Platform Services to let institutional investors build tailored portfolios. The company plans to use new capital to invest in data science, product and engineering and to expand its retail supply and distribution network. Financially, Roofstock has facilitated more than $2 billion in transaction volume through its marketplace to date. Founded in 2015 and headquartered in Oakland, the company has raised $133 million of equity in total, including the $50 million Series D. Roofstock is an Oakland, California–based online marketplace for buying, owning and selling single-family rental (SFR) homes. Its platform lists properties in 25 U.S. markets and provides detailed home and tenant information, local vetted property management options, analytics, and market insights to help investors evaluate and purchase properties. The company launched its marketplace in early 2016 and is led by co-founders Gregor Watson (chairman) and Gary Beasley (CEO). Roofstock has surpassed $1 billion in property transactions since launch. The company says it will use the new funding to continue expanding its dynamic marketplace to new audiences. To date Roofstock has raised $75.25M from investors including Khosla Ventures, Bain Capital Ventures, Lightspeed Venture Partners, Canvas Ventures, QED Investors, Nyca Partners, FJ Labs and SVB Capital. Roofstock is a two-year-old, Oakland, California–based marketplace that connects buyers and sellers of single-family homes with tenants in place. The platform enables institutional and retail investors to transact properties without forcing renters to leave and lets buyers acquire income-generating homes without sourcing tenants. Roofstock sources inventory from small retail sellers to mid and large institutions and lists homes across 15 U.S. markets. The company is roughly 65 people and said properties sold on the platform represent hundreds of millions of dollars in value this year. Listings typically go under contract within 30 days and, in Q2, 44 percent of homes sold went under contract within 14 days; some listings sell within minutes. The marketplace charges sellers 2.5 percent and buyers 0.5 percent and is beginning to work with agents to facilitate sales of tenant-occupied homes. Roofstock operates an online marketplace and community for investing in leased single-family rental (SFR) homes, led by co-founder and CEO Gary Beasley. The platform provides research, analytics and insights to evaluate and purchase independently certified properties, including detailed inspection, valuation and title reports. Listings also include information about tenants and local property managers who have been certified by Roofstock. Since its public launch in March 2016 the company has expanded to serve 10 markets and has engaged thousands of registered users. Financially, Roofstock has raised a total of $33.25M since its formation in May 2015. The company plans to use new proceeds to accelerate national expansion, invest in product development, engineering and data science, roll out an asset management platform and broaden its reach to domestic and global investors.

Participated · Series B · Jan 2022

Polly offers a cloud-native Product and Pricing Engine (PPE) along with a Loan Trading Exchange, data and analytics, and AI/ML to automate and optimize the mortgage capital markets value chain. The platform is purpose-built for the cloud, emphasizing flexibility, configurability, and rapid innovation versus legacy monolithic pricing solutions. This calendar year Polly increased lock volume by well over 150% and has more than doubled its customer partner base, signaling strong operating momentum and ROI for customers. The company says it has invested heavily in scaling implementation, customer success, and white-glove support programs to meet demand. Polly plans to use new capital to deepen R&D and product innovation, further evolve its Polly AI platform, and add generative AI capabilities while scaling internal teams by at least 25%. Founded in 2019 and headquartered in San Francisco, Polly positions itself as a next-generation mortgage capital markets technology provider. Polly builds a SaaS platform to automate customer workflows across the mortgage capital markets, handling execution from rate lock to loan sale and delivery. The software is designed to enable data-driven decisions and let lenders configure individual loans dynamically on a multi-dimensional basis. The company reports it has increased its customer count nearly 3x over the past year and has signed several of the country’s top 100 lenders. Polly plans to deploy new capital toward its go-to-market strategy while remaining heads-down on product, expanding product and engineering teams and investing in AI and machine learning capabilities. Founder and CEO Adam Carmel, who previously founded Ethos Lending (sold to Fenway Summers in 2014), aims for Polly to help lenders move off spreadsheets, telephony and email and ultimately become a system of record. The startup has raised $50 million to date. Polly is a San Francisco-based SaaS mortgage technology company that offers an end-to-end capital markets ecosystem enabling lenders to optimize performance from rate lock to loan sale and delivery. Its pricing engine and loan trading exchange enable mortgage lenders to dynamically price and sell loans in an automated and customizable workflow. The company is led by founder and CEO Adam Carmel. Polly raised $15M in a Series A to accelerate growth. It intends to use the funds to recruit top engineering talent and accelerate sales, marketing and new product development. In conjunction with the funding, 8VC Partner Alex Kolicich and Meritech Capital Partner Max Motschwiller will join Polly’s board of directors.

Led · Equity · Oct 2021

Endpoint provides a digital title and settlement platform designed to simplify and digitize the real estate closing process for agents, proptech companies, buyers, and sellers. The company emphasizes a human-driven, technology-enabled approach, including large-scale remote online notarizations and a revamped API to broaden integrations with brokerages and proptech partners. Endpoint has introduced AI-driven features to expedite processes and increase automation, aiming to reduce closing times and shift staff time toward customer support. Since launching in 2018, Endpoint has expanded operations in Washington, California, Arizona, and Texas and has closed more than $2.5 billion in transactions. The company doubled its employee base in 2021 as it expanded into Northern California and Texas. Endpoint is headquartered in El Segundo, California, and continues to enhance its platform and proprietary features to support real estate professionals and proptech integrations. Endpoint offers a digital title and escrow platform with web, iOS and Android apps that keep parties informed and simplify the real estate closing process. Founded in 2018 and headquartered in El Segundo, California, the company launched in Seattle and now operates in Washington, California and Arizona. Endpoint has rolled out a revamped interface and new features including optimized transaction management and activity tracking. The company says it has surpassed growth targets in Seattle and has doubled its employee base this year. Its platform includes tools for real estate agents to grow repeat and referral business and supports escrow officers in delivering a more efficient closing experience. Future plans focus on geographic expansion into new U.S. markets, strategic hiring, proprietary technology development and further escrow automation.

Participated · Series C · Sep 2021

Ribbon provides a homeownership platform that allows real estate agents and lenders to design winning cash offers that empower everyday homebuyers while ensuring sellers on-time closings. The company says over 100 brokerage and lender partners have created Ribbon-powered cash experiences, growing to a network of 20,000 agents and loan officers. Those partners are creating about $600 million in home offers each month through the platform. Ribbon is led by CEO Shaival Shah and was founded in 2017, operating from NYC and Charlotte, NC. The company plans to use the new funding to accelerate expansion into new states. Ribbon has also upsized its credit facility to support growth and operations. Ribbon, founded in 2017 and led by CEO Shaival Shah, provides all-cash, guaranteed-to-close "Ribbon Offers" that enable buyers to present cash offers and secure homes quickly. Buyers are pre-approved and home valuations are completed within 24 hours; if a buyer cannot close with a mortgage on time, Ribbon will buy and reserve the home and lease it to them for up to six months. The company has released products for new home construction companies, buyers using Conventional, FHA and VA loans, real estate agents and lenders. Ribbon currently operates in eight markets across four states — Charlotte, Raleigh, Nashville, Atlanta, Charleston, Greenville, Memphis and Knoxville — and has about 60 full-time staff. It plans to expand coverage to 20 markets across ten states by the end of 2020. Ribbon recently secured $330M in combined equity and debt financing to fund market expansion and accelerate product development. Ribbon is a one-year-old startup that provides a 'Ribbon Offer' to reduce the timing risk in home purchases. Under the Ribbon Offer, if a buyer cannot secure a mortgage in time for closing, Ribbon will purchase the house itself and give the buyer additional time to obtain financing. The product is positioned to remove the biggest stress of the home-buying process: securing mortgage financing on schedule. According to the article, the company has raised $225M. The article does not report other operating metrics or financing instrument details.