Equitymultiple Raises $3M To Advance Real Estate Investment Platform
Summary
Equitymultiple , a San Francisco and NYC-based commercial real estate investment startup, raised $3m in funding.Additional investors included a consortium of real estate and finance executives.The company plans to use the funds to accelerate growth and innovation by scaling its team, expanding its investment offerings and enhancing its technology platform.Led by co-founder and CEO Charles Clinton and co-founder and CIO Marious Sjulsen, Equitymultiple operates a “direct investing” platforms, powered by a combination of proprietary technology and institutional real estate investment expertise, which give investors access to professionally-vetted private investments across property types and risk profiles.To date, individual investors have invested in over $700 million in commercial real estate transactions through the online platform and the company expects to top $1 billion later this year.