- InvestNext — a company that has developed an end-to-end platform that streamlines how real estate investment firms raise and manage capital — announced it closed a $4.3 million seed round. These are the details.
InvestNext — a company that has developed an end-to-end platform that streamlines how real estate investment firms raise and manage capital — announced it closed a $4.3 million seed round. The funding round was led by Hyde Park Venture Partners and joined by Detroit Venture Partners, Whitecap Venture Partners, Grand Ventures, and ID Ventures.
This funding round comes as InvestNext reports a 629% increase in customers and a 452% increase in monthly recurring revenue since last year.
Now InvestNext has over 18,000 active investors across 1,200+ funds and syndications on its platform. And to date the company has facilitated over $4.4 billion in transactions.
“Real estate has historically been an inefficient capital market, inaccessible to most investors. We envision a future where ownership of the $17 trillion asset class is more evenly distributed and investors can buy and sell ownership as efficiently as they would on the stock market. This recent round of funding will allow us to accelerate product development efforts as we prepare to roll out the next phase of our platform.”
— Kevin Heras, Co-founder of InvestNext
“InvestNext’s success is exciting but not surprising. Their investment platform’s customizable portals, turn-key fundraising, and automated distributions are drawing syndicators and investors who realize their capital can go further when they outsmart tedious work and excessive overhead.”
— Kate Hernandez, a Partner at Detroit Venture Partners which joined the seed round investment
“InvestNext checked all the boxes for what we needed in an investment portal. What we were looking for was a secure, US-based, full-service suite of fundraising and administration capabilities with a smooth, simple and intuitive user interface for our clients. Above all, InvestNext brings a new level of sophistication to our business and greatly improves the customer experience.”
— Tait Duryea, CEO of Turbine Capital