Tag Archives: spencer rascoff

Offerpad posts first profitable quarter ahead of public offering

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The Arizona-based iBuyer took in $376.8 million in revenue during Q2 2021, and its net income grew to $9.2 million, giving the company its first profitable quarter. Continue reading →

Early investors bail on Doma’s SPAC merger

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Digital title, escrow and closing provider Doma raised less than anticipated in a SPAC merger this week, after paying out nearly $295 million to early investors who redeemed their shares. Continue reading →

Vacation rental giant Vacasa to go public with $4.5B valuation

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The rental management giant is merging with TPG Pace Solutions in a bid to go public via a special purpose acquisition company, or SPAC. Continue reading →

3D tour giant Matterport makes its stock market debut

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The company will begin selling shares via a SPAC merger at a moment when interest in 3D tours is surging — and when more competitors are inching onto Matterport’s turf. Continue reading →

Spencer Rascoff launches food-forward app with his daughter

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A year after cutting ties with Zillow, former CEO Spender Rascoff is launching a food-forward social media app with his daughter, Sophia. Continue reading →

Second-home startup Pacaso to add markets in North America, Europe

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The company, which offers co-ownership of second homes in 20 U.S. markets, announced plans to expand into Europe, Mexico and Canada. Continue reading →

Flyhomes lands $150M to bring end-to-end homebuying to more markets

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Flyhomes says it’s helped close $2.6 billion in home sales to date, with sales prices ranging from $150,000 to $5 million. The company provides end-to-end homebuying services through brokerage, mortgage and closing subsidiaries. Continue reading →

Offerpad sees dip in revenue as it preps for public debut

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The iBuyer’s revenues were down year over year, but up compared to the end of 2020. The company is also nearing completion of a merger that will allow it to begin publicly selling shares. Continue reading →

WATCH: ‘If consumers lose, agents lose’ in new world of real estate finance

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At Connect Now on May 18, Clelia Peters is hosting the first of a three-part series on disruptions in finance and will dive in with leaders in transaction facilitation. Check out a sneak peek of the discussion. Continue reading →

5 people to watch at Offerpad as the iBuyer continues to expand

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Offerpad, an iBuyer making major waves in how homes in many major cities are sold, has been on an unstoppable course of growth for more than half a decade. Continue reading →