AlphaFlow, an online investment platform for real estate assets, announced on Thursday it secured $10 million through Series A funding round, which was led by Saluda Grade Ventures with participation from Y Combinator, 10X Capital, Resolute Ventures, Upside Partnership, Vishal Garg (CEO of Better Mortgage), and Gokul Rajaram. The latest investment round comes less than two months after AlphaFlow completed its funding round on crowdfunding platform, Republic.
As previously reported, AlphaFlow described itself as a tech-driven investment manager that provides professionally managed portfolios of real estate loans to institutional investors. The company partners with non-bank real estate lenders around the country who provide 6-12 month bridge loans on single-family and small multifamily properties, to buy their loans and help them grow their businesses.
“We use software to streamline and automate today’s manual workflow and strive for simple and elegant solutions at every step. By leading with technology and data analytics, AlphaFlow is the first company to make the $50 billion fix-and-flip industry available to institutional investors at scale and quality.”
Speaking about the latest funds, AlphaFlow Co-Founder and CEO, Ray Sturm, stated:
“We believe local private lenders are the lifeblood of residential real estate investing. These lenders are where real estate developers go to fund their projects, and over the last decade, their role in the U.S. real estate industry has exploded. This round of funding will help us further execute on being the best partner possible to lenders, and Saluda Grade’s world class capital markets expertise is going to be critical in scaling our platform.”
AlphaFlow Co-Founder and Head of Product Development, Nathan Scharfe, added:
“Lenders understand the need for innovation, but they can’t do it alone. AlphaFlow’s software makes it incredibly easy to work with us, and more importantly, is empowering lenders to give their borrowers a simple, fast, and reliable experience.”