• FOUNDING YEAR: 2013
    LOCATION:
    United States
    REGION:
    CA
    Last Update:
    27 Jun, 2019

Description

FOCUS

PRODUCTS & SERVICES:
Online fundraising platform for real-estate market. Debt financing services for residential and commercial projects. It offers flexible financing solutions for real estate projects.
REVENUE MODEL:
Viewable by subscribers only
MAIN CLIENTS:
Sun Coast Property Management, Kessler Group, JWB Real Estate Capital, Retail Investors
COMMENT
In this platform accredited investors have a choice to invest in groups of properties, or to invest in a single very specific property and also provide dashboard access to tracks the earnings history of the investment and year-end investor tax information.

PEOPLE

FOUNDERS:
Ray Sturm, Nav Athwal
Board Members and Advisors:
Marcus Segal, Paresh Gangaodkar, David Bake, Gregory Framke, Pascal Levy-Garboua, Dennis Williams, John Jarve
NUMBER OF EMPLOYEES:
11-50
INVESTORS:
500 startups, General Catalyst Partners, Greg Framke, Menlo Ventures, Savneet Singh, Tilden Capital, Union Square Ventures, Cross Creek Advisors, Danhua Capital, Barry Sternlicht, Bow Capital
KEY EMPLOYEES:
Nav Athwal (CEO)

TRACTION

ACTIVE USERS COMMENT:
The company claims that it has fueled by more than 120,000 registered users(Sep 2017).
COMMENT:
The company has over $242 million deployed across more than 120 commercial debt and equity projects in the last year alone (Sep 2017).

MOMENTUM

FUNDED:
YES
TOTAL FUNDING:
$65.7 Millions
DATE OF LAST FUNDING:
Sep 2017
SEED & PRIOR FUNDING:
$1.9 Millions
SEED CLOSED ON:
Apr 2014
SEED PRIOR FUNDING COMMENT:
An undisclosed fund raised in Jun 2013.
FUNDING SERIES:
SERIES A
$10 Million Closed: Apr 2015
SERIES B
$20 Millions Closed: Feb 2016
SERIES C
$28 Millions Closed: Sep 2017
LISTED:
NO
COMMENT:
Venture funding: $5.7 M (Sep 2016), Debt financing: $30 M (Sep 2016)

LATEST RESEARCH