Real Estate Debt Platform AlphaFlow Secures $10 Million Through Series A Funding Round Led By Saluda Grade Ventures
Summary
AlphaFlow, an online investment platform for real estate assets, announced on Thursday it secured $10 million through Series A funding round, which was led by Saluda Grade Ventures with participation from Y Combinator, 10X Capital, Resolute Ventures, Upside Partnership, Vishal Garg (CEO of Better Mortgage), and Gokul Rajaram. The company partners with non-bank real estate lenders around the country who provide 6-12 month bridge loans on single-family and small multifamily properties, to buy their loans and help them grow their businesses. “We use software to streamline and automate today’s manual workflow and strive for simple and elegant solutions at every step. By leading with technology and data analytics, AlphaFlow is the first company to make the $50 billion fix-and-flip industry available to institutional investors at scale and quality.” Speaking about the latest funds, AlphaFlow Co-Founder and CEO, Ray Sturm, stated: “We believe local private lenders are the lifeblood of residential real estate investing. AlphaFlow’s software makes it incredibly easy to work with us, and more importantly, is empowering lenders to give their borrowers a simple, fast, and reliable experience.”