Fundrise

lendingsocial financing

FOUNDING YEAR: 2010
LOCATION: United States
Last Update: 17/07/2020

Subscribe to the MEDICI Inner Circle Membership and gain access to an exclusive WhatsApp community where you can engage in discussions with global industry experts!

About

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.

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

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.

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.

Traction

VALUATION / MARKET CAP:

$800 M in 2017

VALUATION COMMENT:

Third-party news sources reported that the company's valuation is at $800 million. (Feb. 2017)

TRACTION COMMENT:

The company manages $2.5 billion worth of real estate with about $500 million in equity assets under management. (Feb. 2019)

People

FOUNDERS

Benjamin Miller

Kenny Shin

Brandon Jenkins

BOARD MEMBERS AND ADVISORS

Tal Kerret

Joe Chen

Haniel Lynn

NUMBER OF EMPLOYEES

11-50

INVESTORS:

Adam Ayers

and Benjamin Miller.

Camber Creek

Daniel Miller

Debbie Harmon

Debbie Ratner Salzberg

Guggenheim Partners

Haniel Lynn

Jon Schulz

Michael Gerwiz

Renren

Renren Inc

Terrence Rohan

WestMill Capital

KEY EMPLOYEES:

Benjamin Miller (CEO)

Kenny Shin (CTO)

Brandon Jenkins (COO)

Chris Brauckmuller (CPO)

Momentum

FUNDED

YES

TOTAL FUNDING

$24.49 M

DATE OF LAST FUNDING

Feb 2017

SEED & PRIOR FUNDING

$2 M

SEED CLOSED ON

Jan 2011

FUNDING SERIES

SERIES A  · $7 M  · Sep 2014

CROWDFUNDING

$15.49 M

LISTED

NO

COMMENT

Equity Crowdfunding: $15.48 million raised in February 2017.

Join the exclusive global FinTech community

Be a part of the global FinTech community on WhatsApp