Los Angeles based real estate loan investment platform has raised a $29.5m Series B led by Andreessen Horowitz.
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PeerStreet announces $29.5 million funding round
The Series B follows a year of high growth for PeerStreet, a two-sided marketplace that connects real estate lenders with investors. The company more than doubled volume from the previous year and is on track to continue that trajectory. To date, PeerStreet has funded over $900 million in loan volume. “We’re using the transformative potential of technology to help people access investments in real estate debt in a way never done before,” said Brett Crosby, COO and co-founder. “At the same time, our model helps lenders get more capital to deserving borrowers who are directly improving the aging US housing stock and building up communities.”
