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Fundrise is an online real estate investment and crowdfunding platform. The company offers real estate investments for both accredited & unaccredited investors, allows real estate companies to build their investment network, and raise investment online through a full-service, web-based platform. Recently, Fundrise was selected for 2019 Forbes Fintech 50 startups list.
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.
Fundrise’s revenue comes through a combination of listing, subscription, and service fees from developers. The company charges 2% for asset management on the capital invested and 3% on project costs.
Retail real estate investors
Buchanan Partners (to crowdfund $1.5 million for Innovation Business Center in VA).
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.
VALUATION / MARKET CAP:
$800 M in 2017
Third-party news sources reported that the company's valuation is at $800 million. (Feb. 2017)
The company manages $2.5 billion worth of real estate with about $500 million in equity assets under management. (Feb. 2019)
BOARD MEMBERS AND ADVISORS
NUMBER OF EMPLOYEES
Benjamin Miller (CEO)
Kenny Shin (CTO)
Brandon Jenkins (COO)
Chris Brauckmuller (CPO)
DATE OF LAST FUNDING
SEED & PRIOR FUNDING
SEED CLOSED ON
SERIES A · $7 M · Sep 2014
Equity Crowdfunding: $15.48 million raised in February 2017.
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