Real estate crowdfunder Fundrise has bagged $31 million in a funding round that represents one of the largest in recent memory for any early-stage tech startup in the real estate space. The Series A funding round also marks the latest vote of confidence in real estate crowdfunding, the practice of pooling money from investors online to purchase properties. In March, Fundrise competitor Realty Mogul nabbed $9 million in funding. "This raise represents Wall Street’s and commercial real estate’s embrace of crowdfunding as the future of real estate finance and investment," Fundrise co-founder Ben Miller said in a statement. The funding round was led by Renren Inc., a leading social networking Internet platform in China; Marty Burger and Tal Kerret, the CEO and CIO of Silverstein P...
Mar 27, 2014 by Teke Wiggin
Dec 12, 2013 by Inman