RealtyShares, a San Francisco, CA-based online marketplace for real estate investing, connecting accredited investors to real estate investment opportunities nationwide, raised $20m in Series B funding.
The round was led by Union Square Ventures, with participation from existing investors Menlo Ventures and General Catalyst Partners.
The company intends to use the funds to continue to expand marketing, hiring and development efforts.
Led by Nav Athwal, CEO, RealtyShares is a marketplace for real estate investing through which individual and institutional investors can purchase shares in pre-vetted residential and commercial real estate properties for as little as $5k. The platform currently offers fix-and-flip loans, preferred equity and other mezzanine financing products, joint venture equity, and commercial loans alongside key institutional capital partners. Investors can browse investments, do due diligence, invest online and have 24/7 access to a dashboard to watch how their investments are performing.
RealtyShares’ equity securities are offered through North Capital Private Securities Corporation, member FINRA/SIPC.
The platform has to date raised over $130m for over 290 investments in over 1,600 properties.