Wealth management platform Realized raises $6m in Series A

Wealth management solution provider Realized has raised $6m in its Series A funding round led by Calibrate Ventures.

Rice Park Capital, a Minneapolis-based venture firm, also contributed to the round. With the new funds, the FinTech will look to expand its platform’s team and technology to extend the customer reach.

Realized enables investors to tax-efficiently redeploy equity from legacy investment properties into diversified, passive income portfolios, customized to their needs. A 1031 exchange enables an investor to defer capital gains on the sale of investment property by reinvesting the proceeds from the sale into like-kind property or properties of equal or greater value.

Through the use of 1031 exchanges and other tax-deferment mechanisms, Realized helps investors co-invest in diversified commercial property portfolios to provide potential income without landlord responsibilities.

As part of the deal, Calibrate Ventures co-founder Kevin Dunlap will join the board of directors.

Dunlap said, “Institutions and large endowments have long invested in diverse commercial property portfolios for the attractive risk-adjusted returns. Realized provides families, individuals, and their financial advisors the ability to co-invest in professionally managed commercial property investments that historically have been out of their reach.

“Additionally, the company empowers investors with the sophisticated diversification and tax-efficient techniques that can make real estate such a powerful option for generational wealth transfer.”

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