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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.
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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.
http://www.crowdfundinsider.com/2016/05/85149-yieldstreet-receives-3-7-million-in-seed-funding/
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