CrowdStreet Raises $3.5M in Series A Funding

crowdstreetCrowdStreet, a Portland, Oregon-based real estate investor acquisition and management platform, raised $3.5m in Series A funding.

The round was led by Rally Ventures with participation from seed investors Green Visor Capital, Seven Peaks Ventures and Portland Seed Fund. In conjunction with the funding, Jeff Hinck, a general partner at Rally Ventures, will be taking a seat on CrowdStreet’s board.

The company will use the funds to further innovate its products and core technology and to develop key partnerships while scaling its investment platform.

Led by Tore Steen, co-founder and CEO, and Darren Powderly, co-founder and vice president of Business Development, CrowdStreet operates an online commercial real estate investing marketplace and provides a software as a service (SaaS)-based investor lifecycle management solution.
The marketplace enables investors to diversify their portfolios through co-investments, starting as low as $10,000, alongside commercial real estate developers, operators and capital providers (sponsors).
Commercial real estate developers and operators get access to an investor acquisition and management platform, on which they can publish their investment opportunities. On the other hand, sponsors can leverage the public marketplace or use Sponsor Direct, a white-label version of the software to publish opportunities directly to their existing websites.
Once investments are approved, investors are given access to a secure, sponsor-branded investment website where they can review the performance of their investments, correspond with sponsors, and review and download documents.



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