O’Melveny & Myers LLP advised Roostify on the deal.
Roostify, a San Francisco-based maker of home lending technology, announced the completion of a $32 million Series C funding. With this financing, Roostify has now raised $65M in total capital.
Roostify is a home lending technology provider that enables differentiated solutions for mortgage lenders seeking a simpler home lending experience. Unlike one-size-fits-all platforms, Roostify configures its modular technology platform to meet each of our clients’ needs and goals. The company intends to use this funding to leverage innovative AI to simplify the entire home buying experience and grow its staff by 50 percent.
The financing round was led by Ten Coves Capital and was joined by investors including principals at Stone Point Capital, Cota Capital, Mouro Capital, Colchis Capital, Point72 Ventures, and JPMorgan Chase.
The O’Melveny team advising Roostify on this transaction was led by O’Melveny’s Corporate Department Co-Chair Warren Lazarow (Picture) and included M&A partner Brian Covotta and associate Amit Itai.
Law Firms: O’Melveny & Myers LLP;