BEVERLY HILLS, CA, Largest online marketplace for investors to pool money and buy shares of investment properties, today announced it has raised a $9 million Series A round.
Realty Mogul, the largest online marketplace for investors to pool money and buy shares of investment properties, today announced it has raised a $9 million Series A round led by Canaan Partners. The company, which just celebrated its first anniversary of raising and placing commercial real estate investment capital, has funded properties totaling more than $100 million in value through the Realty Mogul crowdfunding platform.
'Our goal is to bring the $11 trillion commercial real estate market into the 21st century,' said Jilliene Helman, CEO and co-founder of Realty Mogul. 'Canaan's backing will help us to enable thousands of investors to have an easy, transparent way to diversify their portfolio into commercial real estate by crowdfunding opportunities previously only available to a select few.'
The company provides investors with tools to browse investments, conduct due diligence, invest online and track the performance of their investments 24/7 through an online investor dashboard. Realty Mogul allows accredited investors to pool funds to invest in real estate via their online platform. To become an accredited investor, an individual needs to have an income of at least $200,000 per year or a net worth of $1 million.
Once verified, investors have access to Realty Mogul's commercial and residential real estate listings. After submitting an amount to invest, the individual is notified when the total amount has been fulfilled and is given updates on the property, along with any resulting distributions.
'Realty Mogul will be the next disruption in a massive asset class just like LendingClub has been for the consumer credit market,' said Hrach Simonian, principal at Canaan Partners and Realty Mogul board member.
To date, individual investors in the Realty Mogul marketplace have invested $14.6 million in 58 properties in 14 states. Based on the total number of properties, number of states and volume of capital placed by the company, Realty Mogul is the largest commercial real estate crowdfunding marketplace online. In the last year alone, Realty Mogul underwrote over $1.5 billion in real estate.
About Realty Mogul
Realty Mogul is crowdfunding for real estate, a marketplace for accredited investors to pool money online and buy shares of real property such as office buildings, apartment buildings and retail centers. Realty Mogul provides investors with tools to browse investments, conduct due diligence, invest online and track the performance of their investments 24/7 through an online investor dashboard.
Realty Mogul partners with real estate companies to source investments for investors. Realty Mogul provides these companies (also known as sponsors) with access to a broader capital pool, as well as tools for investor reporting, communication and distributions. For more information on how to become a real estate investor through the Realty Mogul marketplace, please visit
www.realtymogul.com.
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