Central regions | Real estate | Finance, business

Russians invest in digital transformation in housing market

16 Jan '20
Fort Ross Ventures, an international VC fund of Russian origin, invested in Roofstock, a California-based start-up that promotes digital transformation in the housing market, Nanonewsnet reported. The American start-up has completed its $50m series D funding round.

Roofstock is a marketplace where investors can buy and sell rented houses to get rent proceeds. The company operates in the U.S., in one of the worlds largest housing markets, which is worth trillions of dollars. Roofstock helps investors manage their real estate, and selects rentees for them.

In a comment on the deal with a yet-unspecified value, Viktor Orlovsky, a Managing Partner at Fort Ross Ventures, said that Roofstock is a leader in bringing a growing number of advanced technologies to the housing markets and has the capacity to disrupt the entire sector. The VC fund bets on Roofstocks long-term success in both the U.S. and Russian markets, Mr. Orlovsky said, and so do a number of leading American VCs that have also co-invested in the start-up.
Publish in Twitter
Write to Facebook
Google Buzz
Write to LiveJournal
Show in MM
Share MK
COMMENT ON THIS STORY
Find Related Content

Locations:

Tags: housing market (2) / Fort Ross Ventures (1) / Viktor Orlovsky (0) / Roofstock (0) /

Latest News: Central regions
26 Feb '20 | Retail, FMCG | Finance, business
25 Feb '20 | Technology & innovation
25 Feb '20 | Technology & innovation
 

Feature stories

25 Dec '19
Scientists in Siberia have come up with their own...
8 Nov '19
For the first time in the history of Russian-African...
29 Oct '19
Search (News archive - 21798)
Advertising
AIM_Congress
Advertising
NATT
Advertising
Venture_Russia_2018
Advertising
Marchmont News

Latest News

26 Feb '20
Intelligence Retail, a Russian service to analyze...
20 Feb '20
Many investors rightly reckon that Russian start-ups...
18 Feb '20
Earlier today SberDevaisy launched sales of its...

Most read stories from last week

26 Feb '20
Intelligence Retail, a Russian service to analyze...