Cadre receives $250m commitment from Goldman Sachs


Online investment platform Cadre has received a $250m commitment from Goldman Sachs.

This investment comes alongside a strategic partnership between the two, which allows Goldman’s clients to invest in a US-based portfolio of real estate assets.

US-based Cadre is a real estate investment platform that provides qualified individuals and institutions with access to asset opportunities. The company helps to offer investors cost-efficient structure and transparency through the solution, utilising data science to assess assets and identify market opportunities.

Cadre CEO and co-founder Ryan Williams said, “In today’s economic environment, investors need to be able to access an array of opportunities, including alternative investments, to enhance and differentiate their portfolios. Our goal at Cadre is to drive progress in real estate investing by improving the quality of participation and our partnership with Goldman Sachs is an important step in delivering on this mission.”

Last year, Cadre picked up a $65m Series C funding round which was led by Andreessen Horrowitz. The company also received commitments from Breyer Capital, Ford Foundation, General Catalyst, Goldman Sachs, Khosla Ventures, Thrive Capital, DST, Founders Fund and SL Green.

The new batch of funding from Goldman Sachs brings the company’s total funding efforts to $383m, with the company securing a $50m Series B at the start of 2016.

Last year, Goldman Sachs was very active in the FinTech sector, making a selection of investment in the space. In December, the firm made an undisclosed investment in to point-of-sale financing solution Financeit. Another recent transaction by Goldman included an undisclosed investment in to UK-based payment solution IrisGuard.

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