Real Estate Crowdfunding Platform Groundfloor is SeedInvest’s Most Funded Fintech Offering Ever
ground floor, a real estate crowdfunding platform, is in the process of raising equity SeedInvest right now.
According to a SeedInvest recently distributed via email, the offer is now the most financed fintech offer ever listed on the crowdfunding platform. The email stated that Groundfloor is the “Most Funded Fintech Company in SeedInvest History” and is about to close its securities offering.
On the supply side, it states that to date, 2,943 investors have committed $ 5.62 million to the Reg A + offering.
The Series B round will seek preference shares valued at up to $ 10 million with a pre-money valuation of $ 73.4 million. With a price per share of $ 18.23, a minimum investment of $ 984 is required. The previous round of funding was quoted in March 2020 at a pre-money valuation of $ 67.34 million.
Groundfloor reports that it has been growing at a CAGR of 176% + annual sales since 2014.
In 2020, investments of USD 145 million were made on the ground floor. There are currently approximately 93,000 registered users reported.
Groundfloor lists real estate loans using the Reg A + securities exemptions, which means that both retail and accredited investors can participate in its investment offerings.
Groundfloor’s website states that investors have achieved a 10.5% return to date. Real estate advertisements are risk loans to real estate entrepreneurs that are created and serviced by Groundfloor. As a rule, these are short-term securities with a term of 6 to 12 months.
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