Real estate crowdfunding platform DiversyFund has scored $1m in its Series A funding round.
California-based DiversyFund is an alternative investment crowdfunding platform that allows investors to back commercial and residential real estate projects in South California.
The company, which owns all assets and properties it develops in-house, has over 30,000 investors on the platform and manages more than $100m in assets.
This equity injection will be used to help the company with further developments to its technology and platform offerings.
DiversyFund is also looking to enter the cryptocurrency space by launching an ICO. The company hopes this will make it simpler for cyptocurrency holders invest on the Diversy platform.
DiversyFund CEO and founder Craig Cecilio said, ?Cryptocurrencies are a disruptive force with unlimited potential as a means of exchange. Cryptocurrency investors have an eye on the future, just as we do, and they are looking for ways to diversify their cryptocurrency portfolios into asset classes with more stability like real estate.
?We are creating the perfect marriage between industry game-changers like cryptocurrency and crowdfunding and tangible real estate assets. This merger of cutting-edge technologies with time-tested wealth generating real estate has never been done and we expect it will disrupt the ICO space.p>
Earlier in the week, challenger bank Banco BNI Europa launched a strategic partnership with Funding Circle to support German SMBs. While last week, online crowdfunding platform Kimbia was acquired by Rand Capital-based GiveGab.
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