• FOUNDING YEAR: 2010
    LOCATION:
    United States
    REGION:
    District of Columbia
    Last Update:
    9 Sep, 2019
    Phone:
    +1 202-584-0550

Description

FOCUS

PRODUCTS & SERVICES:
Real estate crowdfunding platform: Fundrise reduces the costs associated with traditional real estate investment by cutting out unnecessary middlemen and making the process more efficient.
REVENUE MODEL:
Viewable by subscribers only
MAIN CLIENTS:
Retail real estate investors
EXISTING PARTNERSHIPS:
Buchanan Partners (to crowdfund $1.5 million for Innovation Business Center in VA).
COMMENT
Fundrise can efficiently invest in a much higher volume of midsize assets. This sweet spot in the market is less competitive and offers the potential for superior risk-adjusted returns.

PEOPLE

FOUNDERS:
Benjamin Miller, Kenny Shin, Brandon Jenkins, Daniel Miller
Board Members and Advisors:
Tal Kerret, Joe Chen, Haniel Lynn
NUMBER OF EMPLOYEES:
11-50
INVESTORS:
Haniel Lynn, Michael Gerwiz, Terrence Rohan, Camber Creek, Debbie Harmon, Jon Schulz, Debbie Ratner Salzberg, Renren Inc, WestMill Capital, Daniel Miller, and Benjamin Miller.
KEY EMPLOYEES:
Benjamin Miller (CEO), Kenny Shin (CTO), Brandon Jenkins (COO), Chris Brauckmuller (CPO)

TRACTION

VALUATION / MARKET CAP:
$800 MM in 2017
VALUATION COMMENT
Third-party news sources reported that the company's valuation is at $800 million. (Feb. 2017)
COMMENT:
The company manages $2.5 billion worth of real estate with about $500 million in equity assets under management. (Feb. 2019)

MOMENTUM

FUNDED:
YES
TOTAL FUNDING:
$55.49 Millions
DATE OF LAST FUNDING:
Feb 2017
SEED & PRIOR FUNDING:
$2 Millions
SEED CLOSED ON:
Jan 2011
SEED PRIOR FUNDING COMMENT:
An undisclosed seed fund was raised in January 2012.
FUNDING SERIES:
SERIES A
$38 Millions Closed: Sep 2014
CROWDFUNDING:
$15.48 Millions
LISTED:
NO
COMMENT:
Equity Crowdfunding: $15.48 million raised in February 2017.

LATEST RESEARCH