GROUNDFLOOR

lendingother lending

FOUNDING YEAR: 2013
LOCATION: United States
Last Update: 01/05/2020

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

About

GROUNDFLOOR takes private lending public. The company offers access to non-accredited and accredited investors to participate directly in short-term commercial construction loans backed by residential property, hyper-fractionalized to $10, at yields of 6% - 26%. Even for accredited investors, high minimum requirements for capital and expertise conspire with securities regulations to block the vast majority of investors from participating in the lucrative market for private lending in real estate. Leveraging the proprietary underwriting engine and innovative application of existing securities law, they solve the hunt for yield for over 250 million non-accredited investors in the U.S.

Focus

PRODUCTS & SERVICES

A real estate lending marketplace open to non-accredited investors

REVENUE MODEL

The company generates revenues for every dollar raised, from origination and service fees paid by borrowers.

MAIN CLIENTS

Real estate

COMMENT

Groundfloor is the only crowdfunding platform in real estate that that offers 100% of its loans for participation for all.

People

FOUNDERS

Nick Bhargava

Brian Dally

BOARD MEMBERS AND ADVISORS

Bruce Boehm

Michael Olander

Richard (“Rick”) Tuley

Brian Dally

Nick Bhargava

Jason Widen

Merrill Mason

Chris Matton

Matthew Welch

John Mangham

John J. Healy Jr.

Sudheer Chava

Fintech Ventures Fund

NUMBER OF EMPLOYEES

1-10

INVESTORS:

American Underground

Bandwidth Labs

Fintech Ventures Fund

KEY EMPLOYEES:

Brian Dally(CEO)

Momentum

FUNDED

YES

TOTAL FUNDING

$6.57 M

DATE OF LAST FUNDING

Nov 2017

SEED & PRIOR FUNDING

$1.57 M

SEED CLOSED ON

Dec 2014

FUNDING SERIES

SERIES A  · $5 M  · Dec 2015

LISTED

NO

COMMENT

Conventional debt: $2.05 M(Jan 2018) and Debts funding: $960 K(July 2014)

Innovation Programs

BASICS

FOUNDING YEAR:

2013

LOCATION:

United States

Views:

117 VISITORS | 231 VIEWS
LATEST FUNDING ROUND

$6.57 M

TOTAL EMPLOYEES
1-10

About

GROUNDFLOOR takes private lending public. The company offers access to non-accredited and accredited investors to participate directly in short-term commercial construction loans backed by residential property, hyper-fractionalized to $10, at yields of 6% - 26%. Even for accredited investors, high minimum requirements for capital and expertise conspire with securities regulations to block the vast majority of investors from participating in the lucrative market for private lending in real estate. Leveraging the proprietary underwriting engine and innovative application of existing securities law, they solve the hunt for yield for over 250 million non-accredited investors in the U.S.

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

Focus+
Momentum+
People+
Other+

Innovation Programs

Join the exclusive global FinTech community

Be a part of the global FinTech community on Slack