Roost on Tuesday said it scored an $8 million second round of funding the Internet-based real estate search site plans to use toward expanion into new markets.
“Terrific businesses can be built during tough times, but only if they’re adding real value to their customers,” Roost CEO Alex Chang wrote on the company’s blog.
San Francisco-based Roost claims to offer home buyers more residential listings than rivals because of its partnerships with local brokers and Multiple Listing Service databases, among other sources. For real estate brokers, the startup touts its service as a platform to connect with potential buyers.
Roost also announced a deal with First American CoreLogic to bring foreclosure listing to the site.
The investment in Roost was led by Shasta Ventures and included return backers General Catalyst Partners, The Cross Country Group, and Geolo Capital, which combined pumped $5.5 million into the company in its first round.
Roost, founded in 2007, joins a crowded pack of Internet real estate sites including Redfin, Zillow, and Realtor.com, among others.