On Monday, RealtyShares announced over $200 million has been secured through its real estate crowdfunding platform from its network of investors for residential and commercial real estate projects across the country.
The funding portal revealed that it connects more than 25,000 accredited and institutional investors with pre-vetted real estate companies and operations who are looking to raise either debt or equity capital. Founder and CEO of RealtyShares, Nav Athwal, stated:
“As a leader in the online real estate investing space, this accomplishment is not only important to the team here at RealtyShares, but also to the industry as a whole. It is further proof that opening up real estate investing and capital formation through technology and bridging the gap between investors and operators has tremendous value.”
Since its launch in 2013, RealtyShares has reportedly launched more the 400 investment opportunities on the platform, funding residential and commercial projects in 31 states. The company previously secured $20 million during a Series B funding round, which was led by Union Square Ventures, Menlo Ventures, and General Catalyst Partners in February, RealtyShares has accelerated efforts to build a comprehensive technology-driven real estate investment marketplace. In August, RealtyShares attracted 4,500 new accredited investors to the platform.
Athwal then added:
“Online investment platforms like Real Estate are leveling the playing field for individual and institutional investors by bringing transparency and accessibility to real estate. In the past, investing in real estate was a very convoluted and reclusive process. It is a multi-trillion dollar industry and most investments are still done with pen and paper and with capital requirements in the hundreds of thousands or millions of dollars. By marrying technology with changes in regulations under the JOBS Act, we have a been able to streamline the investment process, offer greater accessibility and reduce the barrier to entry substantially. This is game changing for the real estate industry and we’re excited to be at the forefront.”
RealtyShares also released an infographic that reveals more details about its growth.
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