The New York-based marketplace lender for alternative, asset-backed loans raised the round after operating in stealth mode for a year.
The round was led by Expansion Venture Capital and Saturn Venture Partners.
YieldStreet believes it can top $100 million in loans this year. The company expects to raise a fund from family offices and institutional investors along with other accredited investors to fuel its growth. Yieldstreet also indicated it will open its platform to all investors – not just accredited ones.