Patch of Land, a Los Angeles, CA-based crowdfunding real estate platform, raised $1.2m in funding.
A private firm based out of Los Angeles made the investment.
The company intends to use the funds to refine and launch its platform.
Founded in early 2013 by Jason Fritton, president, Patch of Land is developing an online crowdfunding platform for real estate investments. It allows investors to choose individual properties to fund and diversify their funds across many different asset classes and risk profiles.