CrowdOut Capital Secures $2.5 Million in Funding
Summary
The round was led by Alexander Schoenbaum and other members of CrowdOut’s investor network for debt offerings.Proceeds from the investment will be used by CrowdOut to continue development of its technology, both front-end for investors and back-end for portfolio management and loan servicing.CrowdOut’s underwriting includes extensive due diligence to ensure they know the company inside and out.CrowdOut has developed a niche in the private credit space by offering borrowers and investors a shorter-term (1 to 4 year) loan that serves as transition capital.Since inception, CrowdOut has delivered a net, unlevered return of 13.1% while maintaining a conservative portfolio of high-quality credit and modest leverage.
Funding
Amount
$2.5M
Total raised
Date
November 15, 2018
Announcement date
Investors
CrowdOut Capital Platform
Lead investors
Company
www.crowdout.com
Funded company
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