CrowdStreet, a Portland, Ore.-based crowdfunding marketplace connecting accredited investors with institutional-quality real estate investments, closed an $800k seed funding round.
The round was led by Green Visor Capital and Seven Peaks Ventures with participation from Portland Seed Fund. In conjunction with the funding, Dino Vendetti, general partner at Seven Peaks Ventures, and Simon Yoo, managing partner at Green Visor Capital, have joined the Board of Directors.
The company intends to use the funds to grow its investor membership base, attract new real estate sponsors and continue to enhance its platform.
Additionally, CrowdStreet has added two key executives to its roster: Ian Formigle as vice president of Investments and Steve Drew as vice president of Product and Marketing.
Founded in 2013 by CrowdStreet CEO Tore Steen, CrowdStreet provides an online marketplace that connects accredited investors to commercial real estate investment opportunities. Through the platform, investors can find suitable investment opportunities, manage offers, track investment performance and build a portfolio of commercial real estate investments. Investors can find and select pre-screened commercial real estate opportunities by product type, geographic region and targeted return.