RealCrowd, a Palo Alto, CA-based online real estate platform enabling the syndication and investment of commercial real estate offerings, raised $1.6m in seed funding.
Backers included Y Combinator, DCVC, Initialized Ventures, Andreessen Horowitz, Paul Bucheit, Maverick and private real estate operators and General Catalyst.
Launched in August 2013, RealCrowd provides a platform built around SEC Rule 506(c), which lifts the ban on general solicitation of certain securities to accredited investors, to offer a full suite of investor management tools to real estate operators.
The solution gives accredited investors access to real estate opportunities, and provides all of the working parts operators and investors need in order to connect, administer, invest and transact.
FinSMEs
27/03/2014