Crowdfunding has become an increasingly popular way for companies to raise capital, and investors are taking notice. Groundfloor, the first real estate crowdfunding platform to gain regulatory approval, announced today that it raised its first round of institutional capital since 2015.
Brian Dally, a former mobile network exec, and Nick Bhargava, a co-author of the bipartisan JOBS (Jumpstart Our Business Startups) Act, founded Groundfloor in 2013. The Atlanta-based company raised its $5 million Series A led by Fintech Ventures shortly after new crowdfunding rules under the JOBS Act took effect, allowing small businesses to fundraise up to $75 million from non-accredited investors without needing to register the offering.
Groundfloor’s platform offers investments in real estate debt to its 150,000+ users, with a minimum investment of $10. Nearly all of the products available on …
