Total amount raised
$355.5 Millions
Latest funding date
Location
Fundrise has successfully raised significant capital through multiple funding rounds, attracting a diverse group of investors. The platform offers an innovative approach to private market investments, providing an alternative to traditional stocks and bonds.
Keep reading to explore the intricacies of Fundrise's fundraising journey and the investors backing this forward-thinking platform.
What Is Fundrise?
Fundrise, founded in 2010, is headquartered in Washington, D.C. The company was established by Benjamin Miller, Brandon Jenkins, Daniel Miller, and Kenny Shin.
Fundrise offers an innovative platform for low-cost, direct private market investments, allowing individuals to invest in real estate projects and other private investments that were previously inaccessible to the general public.
With a team of 251-500 employees, Fundrise aims to provide a simpler, smarter, and more reliable way to invest, combining technology with new federal regulations.
How Much Funding Has Fundrise Raised?
- Seed Round
- Amount Raised: $2M
- Date: January 2011
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart the platform and develop initial technology.
- Seed Round
- Amount Raised: Not publicly disclosed
- Date: January 2012
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop the platform and expand initial operations.
- Equity Crowdfunding
- Amount Raised: $985K
- Date: August 2014
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To leverage public interest and raise funds from a broader investor base.
- Series A
- Amount Raised: $31M
- Date: May 2014
- Lead Investors: Collaborative Fund, Moatable, Silverstein Properties
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the platform throughout the United States.
- Series A
- Amount Raised: $7M
- Date: September 2014
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further expand the platform and enhance technology.
- Equity Crowdfunding
- Amount Raised: $14.5M
- Date: February 2017
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To continue platform development and increase market reach.
- Series A
- Amount Raised: Not publicly disclosed
- Date: August 2017
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance service offerings.
- Debt Financing
- Amount Raised: $300M
- Date: June 2021
- Lead Investors: Goldman Sachs
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support large-scale real estate projects and expand investment opportunities.
- Corporate Round
- Amount Raised: Not publicly disclosed
- Date: August 2021
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To secure strategic partnerships and enhance corporate growth.
Total Amount Raised: $355.485M. Current Valuation: Not publicly disclosed.
Key Investors
- Goldman Sachs
- Details: Goldman Sachs is a leading global investment banking, securities, and investment management firm. Founded in 1869, it is headquartered in New York City.
- Investment Focus Areas: Financial services, technology, healthcare.
- Notable Investments: Uber, Spotify, WeWork.
- Collaborative Fund
- Details: Collaborative Fund is a venture capital firm that focuses on supporting and investing in creative entrepreneurs. It was founded in 2010 and is based in New York City.
- Investment Focus Areas: Technology, consumer goods, sustainability.
- Notable Investments: Lyft, Kickstarter, Beyond Meat.
- Moatable
- Details: Moatable, formerly known as Expa, is a startup studio and venture capital firm founded by Garrett Camp, co-founder of Uber. It focuses on building and investing in new companies.
- Investment Focus Areas: Technology, transportation, consumer services.
- Notable Investments: Uber, Haus, Reserve.
- Silverstein Properties
- Details: Silverstein Properties is a privately-held, full-service real estate development, investment, and management firm. It was founded in 1957 and is based in New York City.
- Investment Focus Areas: Real estate development, property management, commercial leasing.
- Notable Investments: World Trade Center, 30 Park Place, 7 World Trade Center.
- Debbie Harmon
- Details: Debbie Harmon is the CEO and co-founder of Artemis Real Estate Partners, a real estate investment management firm. She has over 30 years of experience in the real estate industry.
- Investment Focus Areas: Real estate investment, property management, commercial real estate.
- Notable Investments: Not publicly disclosed.
What's Next for Fundrise?
Fundrise is poised to capitalize on the growing trend of real estate crowdfunding, offering investment opportunities ranging from $100 to $10 million. This democratization of real estate investment opens doors for a broader investor base, potentially driving significant growth as the platform expands across the United States.
Future fundraising efforts will likely be necessary to support this expansion and enhance the platform's technology. However, challenges such as regulatory hurdles and competition from other crowdfunding platforms could pose obstacles. Maintaining high returns will be crucial for attracting and retaining investors as Fundrise navigates these challenges.
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