YieldStreet, the digital wealth management platform that offers access to alternative investments traditionally only available to institutions, announced today that it has closed $62M in Series B financing. The round was led by Edison Partners, with participation from Greenspring Associates, Raine Ventures and a large multi-billion dollar NY family office. Over the past three years, YieldStreet has built a new wealth creation model by taking an investor first approach and growing a community of 100,000+ members who have invested more than $600M on the platform, which was the catalyst for this financing.

"True wealth creation opportunities have been either too expensive or off limits for most investors. YieldStreet is going after this market in a way the best innovators do. They are building a multi-product, digital wealth platform that brings a new level of investing inclusion to those looking to build wealth and save for their future," said Chris Sugden, Managing Partner, Edison Partners, who will join YieldStreet's board. "The impressive and highly capital efficient revenue growth, paired with a proven product-market fit and strong founding team compelled us to become a part of expanding this movement."

Most offerings released on the platform are fully subscribed in a matter of seconds. YieldStreet's success has resulted in more than $50M of interest generated for its highly engaged customer base. The company will strategically leverage its new funds to expand its product offerings and audience to millions of retail investors; scale origination, recruit top-tier talent; and pursue strategic acquisitions.

"We are energized every day to provide access to investment products that put our customers on a path towards financial security & independence. This fundraising round validates our vision of defining a new market as the only leader in this category and will allow us to make a huge impact for millions of consumers," says founder and CEO Milind Mehere.

YieldStreet customers can participate in a wide range of alternative investments across multiple asset classes including real estate, marine & shipping, legal finance, and commercial loans. Since inception, YieldStreet has generated an expected 12% IRR and made more than 300K principal and interest payments to its investors. Additionally, YieldStreet recently introduced an FDIC-insured savings account- The YieldStreet Wallet, inviting accredited and retail investors to earn 2.2% annually on idle cash with no fees or minimums.

"Our platform unlocks a multi-trillion dollar private credit market in a new way, and resets how both investors and originators access capital and generate yield. This is an incredibly powerful disruption and will change how private credit markets operate and are funded in the future " said Michael Weisz, founder and President of YieldStreet.

About YieldStreet

At YieldStreet, we are building the biggest digital wealth management platform ever by changing the way wealth is created. We provide unprecedented access to investments in Real Estate, Marine & Shipping Finance, Legal Finance & Commercial loans previously unavailable to most. With an investor first approach, our community can finally earn target yields of 8-15% that aren't correlated with the stock market. Made in New York City with offices in Brazil, Argentina and Greece we are backed with $178M in capital from Edison Partners, Greycroft, & Raine Ventures. Join the movement at www.yieldstreet.com.