DiversyFund, a San Diego, CA-based vertically-integrated crowdfunding platform for alternative investments such as private market real estate, raised $1m in Series A financing.
The company will use the funds to further develop online technology and product offerings on the platform.
Led by Craig Cecilio, CEO and Founder, DiversyFund is an alternative investment crowdfunding platform that allows investors to directly fund the development of commercial and residential real estate projects in Southern California. The platform seeks to deliver returns via its self-managed real estate developments overseen by a veteran team of real estate professionals.
Currently, DiversyFund has over 30,000 investors and manages over $100 million in real estate investments.
In the future, the company also plans on entering the crypto-currency space by launching an Initial Coin Offering (ICO) as part of its financing plan.