Fundrise invests $128 million in Saltbox warehouse and co-working spaces – Bestgamingpro

Saltbox raised $10.6 million in its Series A financing last year, and we talked to CEO Tyler Scriven about the company’s first facility, a 27,000-square-foot Atlanta site that launched in 2019 and was fully occupied in only two months. By acquiring warehouses ranging in size from 50,000 to 150,000 square feet, Fundrise will house the additional Saltbox sites as part of its investment deal. Fundrise’s “business strategy of democratising access to real estate for regular investors” is “one of the greatest things about the relationship,” Scriven added. For us, Saltbox is democratising access to logistics infrastructure for small enterprises, such as retail consumers, thus we share a conceptual approach to the markets we are servicing. Despite the fact that firms like Shopify, Stripe, and Facebook have hundreds of tools at their disposal to help them expand their company, the logistics of e-commerce remain “complex and dirty,” with most infrastructure not suited for small enterprises.