Following the emergence of institutional investors buying up single-family homes since the 2008 financial crisis, a Dallas-based startup has grown rapidly through connecting those big landlords to contractors such as plumbers and electricians.
Stellar, formerly known as IFM Restoration, landed a new $20 million investment that brings its total venture capital to $35 million, the company announced Thursday. The funding came from new investor Weatherford Capital as well as previous investors Brick & Mortar Ventures, S3 Ventures, Alerion Ventures and Navigate Ventures.
Dustin Marx and Danny Feldman founded the company in 2016 to build an online marketplace that would pair contractors with property owners. Marx said Stellar can help quickly connect renters to critical maintenance workers during major weather events, such as the winter storm in February 2021.
