When we set out to build the easiest and most trusted way to access and invest in real estate, we knew there was a general formula for success in the startup world. Finding visionary leaders and building disruptive technology is key, but the final piece of that equation is securing capital to put all those assets to work.
Today, I am proud to announce that RealtyShares has raised $28 million in a Series C financing round, backed by Cross Creek Advisors, Danhua Capital, Barry Sternlicht (Founder of Starwood Capital and Starwood Resorts) and Bow Capital, along with prior investors Union Square Ventures, General Catalyst Partners, and Menlo Ventures.
In a market space involving a multitude of players, RealtyShares has emerged as one of the industry’s most diverse real estate investment platform. Earlier this summer, we surpassed $500 million deployed across more than 1,000 real estate opportunities in 39 states. That success wouldn’t have been possible without you.
We’ve also found a distinct need in the market. Middle-market commercial real estate comprises the majority of commercial real estate transactions, but it’s one of the last frontiers to be disrupted by technology. By deepening our focus and addressing the needs of underservered commercial sponsors, we can provide our investors with a greater range of opportunities.
Over the last six months, RealtyShares has aggressively assembled the infrastructure to transform the commercial financing market, welcoming Edward Forst (former CEO of Cushman and Wakefield) as a new board member, and Keri Findley (former partner at Third Point) and Joseph Azelby (senior partner at Apollo and former CEO of JP Morgan’s Global Real Assets Group) as advisors. The purchase of Acquire Real Estate, an innovative rival that has set a bar for product development within the industry, and a partnership with leading residential lender Lima One Capital has set the stage for RealtyShares to help permanently shift the way real estate investing is handled in both the online and offline worlds.
Thank you for your support and for believing in us as we build the easiest and most trusted marketplace for real estate investing and financing.