New York based real estate investment startup Cadre has raised $65m in Series C funding led by Andreessen Horowitz. Cadre aims to make it easier for family offices, endowments and other moneyed investors to invest in real estate using technology.
Meanwhile, the deal marks the latest in a small but growing string of real-estate-related bets for Andreessen Horowitz, whose general partner (and former OpenTable CEO) Jeff Jordan led the deal. Nearly two years ago, the Sand Hill Road firm brought aboard serial entrepreneur Alex Rampell as a general partner to focus on fintech, including as it relates to real estate as a new asset class. One of Rampell’s earlier bets is Point, a two-year-old startup that invites homeowners to sell a fraction of their home to long-term investors. Point founder Eddie Lim appeared onstage with Williams last month at Disrupt. You can check out that sit-down below.