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RealtyShares raises $28 million for commercial real estate investing

RealtyShares raises $28 million for commercial real estate investing
From TechCrunch - September 14, 2017

Commercial real estate can be a lucrative investment, but it can be hard to come up with the money to buy a stake in the first place.

Thats the idea behind RealtyShares, a platform which pools together debt and equity investments for apartments, office buildings and retail centers.

Now the San Francisco-based startup has gained enough traction to find another big investment for itself. RealtyShares is raising a $28 million Series C round led by Cross Creek Advisors, with participation from existing investors including Union Square Ventures, General Catalyst Partners, and Menlo Ventures.

Founder and CEO Nav Athwal says that RealtyShares has over 120,000 users on the platform. The startup says it has deployed over $500 million across more than 1,000 properties since it was founded in 2013.

RealtyShares aims to diversify in real estate in a way that hasnt been possible before, said Athwal. He said that the typical transaction is between $2 million and $50 million.

Although once considered a site for crowdfunding, Athwal says hed like to move beyond that label. These days, RealtyShares is focused on institutional investors and accredited high net worth individuals.

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