PropTech Stoa bags $100m to close US housing gap


Arizona-based property technology company Stoa has raised $100m less than a year after its previous $100m securitisation.

Stoa’s mission is to close the housing gap in America. Its iBuyer software platform, FlipOS, enables real estate investors to purchase, renovate, and sell homes faster and more efficiently than the traditional method.

The $100m funding was underwritten by Cantor Fitzgerald, a financial services firm that specialised in real estate investments.

This marks the second time that Cantor Fitzgerald has worked with Stoa on this type of fundraising. Stoa’s $100m securitization in November 2021 was also underwritten by Cantor Fitzgerald.

Stoa said that according to, housing supply is far below demand levels. This is due to multiple factors including younger buyers looking for first-time homeownership and under-building after the 2007 recession.

The company’s software platform FlipOS aims to tackle this problem by focusing on the fix-and-flip market, where existing properties need upgrades or repairs before they become viable options for people looking for housing.

Stoa also supports investors with low-rate lending, detailed scopes of renovation work, and a guaranteed post-renovation purchase offer with a five-day close, to solve the painpoints in today’s US housing market.

With the additional securitization, Stoa said FlipOS will be able to work with more professional real estate investors to grow and scale their businesses, helping to close the housing gap in America by providing quality residential inventory to the market faster than homebuilders can.

Tom Sella, co-founder of Stoa, said, “The Stoa team looks forward to what’s possible for our real estate partners with this round of funding, and we’re proud to have the continued support of the experienced team at Cantor Fitzgerald. It’s been less than a year since our initial $100m securitization, and we’ve seen exponential growth in product adoption since then.”

Or Agassi, co-founder of Stoa, added, “It’s a big deal that we were able to close this round of funding amid a fluctuating housing market. 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.”

Earlier this year, Latchel, a property management platform modernising maintenance operations and resident amenities, raised $16.7m in Series A funding.

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