RealtyMogul.com Lands $35M Funding Round
2015-07-15
BEVERLY HILLS, CA, Sorenson Capital today announced it led the recent $35 million funding round in RealtyMogul.com.
Sorenson Capital today announced it led the recent $35 million funding round in RealtyMogul.com, a leading online marketplace for real estate investing. Existing investor Canaan Partners also participated in this round.
'During the fundraising process, Sorenson Capital emerged as the perfect partner to invest in our vision'
The investment underscores Sorenson Capital's increased focus on technology-based growth investment opportunities across new and emerging sectors. Last month, Sorenson Capital added tech and growth equity veteran Rob Rueckert to its leadership team to further expand its technology practice within the firm. Rueckert, head of Sorenson Capital's technology practice, will join RealtyMogul.com's board of directors.
'RealtyMogul.com represents a compelling investment opportunity in our expanding growth-tech strategy,' said Rueckert. 'The company has assembled a great team with deep expertise and experience in this industry that position it to execute on this sizable growth opportunity in real estate capital markets. We are confident RealtyMogul.com will be the next disruption in this massive asset class, just like other online marketplaces have been in the consumer credit and small business markets.'
RealtyMogul.com will use the capital infusion to aggressively pursue its market opportunity by opening offices in major metropolitan areas in the United States and increasing its sales and marketing staff. As an online capital marketplace for real estate, RealtyMogul.com connects borrowers and sponsors to capital from accredited and institutional investors looking to diversity their portfolios (e.g., a borrower in search of flexible debt or a real estate sponsor looking for joint venture equity).
Through its platform, RealtyMogul.com connects clients to previously inaccessible investment opportunities and capital while providing real estate companies fast, easy access to equity and debt that would likely take several months to secure through more traditional means. To date, RealtyMogul.com has already helped fund nearly 250 properties totaling more than $500 million in value.
'During the fundraising process, Sorenson Capital emerged as the perfect partner to invest in our vision,' said Jilliene Helman, co-founder and CEO of RealtyMogul.com. 'This capital infusion will play a key role in accelerating our growth and transforming commercial real estate capital in the United States on a larger scale.'
About Sorenson Capital
Sorenson Capital (www.sorensoncapital.com) is a private equity and growth equity firm founded in 2003. Sorenson Capital has more than $1 billion in capital under management and typically makes investments of $10 to $40 million in companies with unique strategic positions.
About RealtyMogul.com
RealtyMogul.com is an online capital marketplace for real estate, connecting borrowers and sponsors to capital from accredited and institutional investors. Through an online platform, RealtyMogul.com gives borrowers access to debt capital, sponsors access to equity capital and investors tools to browse investments, do due diligence and invest online. RealtyMogul.com offers fix-and-flip loans, bridge and permanent loans, and joint venture equity. For more information, please visit www.realtymogul.com.
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