Yieldstreet, an online investment platform, has raised more money – this time $77 million – as it plans to expand its private securities marketplace. The goal is to “accelerate private markets integration for individual investors’ portfolios.”
Yieldstreet is an alternative investment platform that offers a variety of options for its investors. These range from private credit, real estate, early stage, art and more. The company reports over 500,000 registered users.
Tarsadia Investments led the new funding. Other investors include Mayfair Equity Partners, Edison Partners, Cordoba Advisory Partners (CAP), and Kingfisher Investment Advisors, alongside new investor RedBird Capital Partners.
Recently, Yieldstreet announced a new product labeled Yieldstreet 360, an automated investing service.
Mitchell Caplan, CEO of Yieldstreet, predicted that in the next five years, they will define how individual investors access private markets.
“The convergence of regulatory evolution, technological advancement, and investor demand has created the conditions for a new era in private markets. This funding will position us to capitalize on that opportunity.”
While currently catering to Accredited Investors, recent legislation approved in the House of Representatives may allow Yeildstreet to expand services to a far broader group of investors. The current definition of an Accredited Investor is widely viewed as discriminatory, disenfranchising millions of potential investors.
Yariv Robinson, Co-Founder and Managing Partner at Kingfisher Investment Advisors, notes that private markets are undergoing a fundamental transformation as technology is democratizing access to these once-exclusive investments.
“Yieldstreet has built the platform and reach to lead this shift — delivering the sophisticated tools that today’s investors require to access and navigate an expanded universe of private market investments.“
