Stellar, a venture-backed technology-driven marketplace that solves maintenance at scale for the Single-Family Rental (SFR) sector, announced a $20 million Series B growth equity investment today. Weatherford Capital led the investment round, which was also supported by current investors Brick & Mortar Ventures, S3 Ventures, Alerion Ventures, and Navigate Ventures. This round brings the company’s total venture capital to $35 million, which will be used to improve its technology and platform, hire new employees, and expand into new U.S. markets.
Stellar will use the proceeds from the equity financing round to improve its platform, which uses artificial intelligence and machine learning to help property managers and contractors successfully tackle home maintenance issues, providing homeowners peace of mind.
Founded in 2016, Stellar is a technology-driven marketplace that enables property managers and contractors to successfully resolve home maintenance issues, giving residents peace of mind. The company serves 10 of the 11 largest SFR operators across 150,000+ properties, has created work for 8,000+ contractors, and has resolved 200,000+ issues for residents and property managers alike. Stellar uses technology to make the maintenance experience seamless, simple, and scalable. Work is completed with integrity and heart, and quality is guaranteed.
Stellar’s objective is to build thriving businesses and communities by increasing asset value, reputation, and retention. The company, which now services 10 of the 11 largest SFR operators across 150,000+ properties, combines technology with personal expertise of property management to solve the difficulties that residents, property managers, and contractors confront collectively.
Stellar, unlike local contractors, leverages technology to make maintenance easy, simple, and scalable. Work is done with honesty and love, and quality is assured.
