The San Francisco based real estate crowdfunding platform, RealtyShares raised a $20m Series B from Union Square Ventures, Menlo Ventures and General Catalyst Partners. The platform enables accredited investors to invest as little as $5k in pre-vetted real estate properties.
Less than a year after it closed a $10 million round of financing, the real estate investment marketplace RealtyShares has managed to rake in another $20 million for its funding platform. The San Francisco-based company has raised over $130 million for over 1600 properties through 290 since its launch, which the company says makes it one of the largest real estate investment platforms in the U.S. Available only to accredited and vetted real estate investors, the site offers a mix of fix-and-flip loans, preferred equity and mezzanine products, joint venture equity and commercial loans alongside its capital partners.