CrowdStreet locks in $43m in equity and debt funding

October 11, 2022

CrowdStreet, an online real estate investing platform, has scored $43m in equity and debt capital.

Participating in the financing were TIAA Ventures, Cypress Equity Investments, the Dinerstein Companies, Foulger-Pratt, Grotech Ventures, Rally Ventures, Green Visor Capital and Seven Peaks Ventures.

CrowdStreet is aiming to expand its product and service offerings, giving more individual investors and financial advisors new ways to access private commercial real estate.

Since its inception, the company has raised over $3.6bn for over 670 commercial real estate projects across the US. In 2021, CrowdStreet achieved its first billion-dollar year, when its investor community funded $1.2bn across single-property deals, seperately managed accounts and professionally managed funds.

CrowdStreet will use the new capital to improve the technology that powers its platform, and evolve the investing experience and investment management tools used by investors every day.

This $43 million investment will also help CrowdStreet expand into the wealth management channel, allowing financial advisors to help their clients easily add commercial real estate, a valuable alternative asset, to their portfolios.

CrowdStreet CEO Tore Steen said, “We are pleased to count so many of these leaders from across the industry as customers, partners, and now, with their participation in this fundraising round, strategic investors. They know us better than anyone and share our vision for the future of commercial real estate investing.

“With their support, we can accelerate our efforts to provide even more investing products, helping investors build their financial freedom through direct real estate investing.”