Realty Mogul has recently announced that it has raised $9 million in Series A funding, led by Canaan Partners. This development comes right after another bit of news from Realty Mogul, in which they announced that their users have invested $14.6 million dollars in real estate worth over $100 million. Not bad for a startup that has only been around for a year.
Realty Mogul and its co-founder and CEO Jilliene Helman are Graduates of the Los Angeles Founder Institute.
News of Realty Mogul’s Series A close has been covered on various major media outlets, including The Wall Street Journal, TechCrunch, and Inman News. Not only is this round the largest financing by a pure equity crowdfunding company, it is also the one of the largest Series A rounds raised by a female founder.
Currently representing 58 properties located in 14 states, Realty Mogul’s goal is to make real estate investment more accessible to accredited investors by giving them access to a marketplace of potential investments. If an investor decides to invest in a property, their money is committed only if the project is fully funded, in which they will receive regular updates on the property, as well as any cash distributions they are entitled to.
For more information on Realty Mogul, visit their official website.