Stoa, a Proptech that enables real estate investors to purchase, renovate, and sell homes, has raised $100 million, according to a company statement. Underwritten by Cantor Fitzgerald, the $100 million securitization is the second funding managed by Cantor which last completed $100 million securitization in November.
Tom Sella, co-founder of Stoa, said they have seen “exponential growth in product adoption” since the last securitization.
FlipOS by Stoa focuses on the fix-and-flip market. With the additional securitization, Stoa expects to be able to work with more professional real estate investors to grow and scale their businesses.
Or Agassi, co-founder of Stoa, added:
“It speaks volumes about the underlying strength of our business model. We continue to scale rapidly but responsibly, maintaining strong unit economics. We’ve created a business that people want to invest in regardless of macroeconomic conditions.”
In total, Stoa has raised around $300 million in equity and debt.