GROUNDFLOOR on SeedInvest
A wealthtech platform that lets everyone build wealth through real estate lending
Raise to date: $1,769,768
Reporting Date: 08/12/2020
Key Stats
|
Minimum Raise
$1,250,013 |
Maximum Raise
$9,999,994 |
Likelihood of Max
|
|
Start Date
06/29/2020 |
Stop Date
12/31/2020 |
Days Remaining
139 |
|
Security Type
Preferred Stock |
Investment Minimum
$984 |
Deal Type |
Investment Summary
|
Status
Active |
# of Investors
756 |
% of Minimum Raised
142% |
% of Maximum Raised
18% |
|
Dollars Per Day to Reach Max
$59,210 |
DPD* Committed
$40,222 |
DPD* Category
$0 |
DPD* All Companies
$1,879 |
$1,769,768
Commitments
Weekly Commitments ($)
Aggregate Commitments ($)
SEC Filing Data from Kingscrowd
GROUNDFLOOR, with a pre-money valuation of $73.9 million, is raising funds through Reg A+ crowdfunding. The platform allows everyone to build wealth through real-estate lending. The GROUNDFLOOR platform originates and underwrites loans for residential real estate projects. The loans are then converted into LROs that can be invested into by individual investors. GROUNDFLOOR was founded by Brian Dally and Nick Bhargava. The current round of funding has a minimum raise of $1,250,013 and a maximum raise of $9,999,994, and the funds will be used for customer acquisition, regulatory development, new product development, software and technology, local market expansion, and operating expenses. GROUNDFLOOR has over 75,000 registered users who have invested more than $250 million in its real-estate investments.