Round of the Week – Fundrise

Fundrise_Logo

Today we feature property crowdfunding company Fundrise and their $31M Series A round.  The crowdfunding real estate arena is pretty full with lots of competing offerings/niches (re: Collaperty, Realty Mogul, CrowdStreet, etc.), but we like how Fundrise has committed in part to local investors in local areas because we also believe that consumers should be able to invest in their communities.

Name: Fundrise

Website: www.fundrise.com

Funding to Date: $33M ($2M Seed, $31 Series A)

Deal Notables: Chinese Social Media company Renren led this round and at first glance that may seem a bit odd, but they also contributed to SoFi’s recent round so they are clearly making a play for the crowdfunding platform space.  Who is SoFi you may ask?  Check out our feature on them in our ROTW here!