RAISE Completes Transaction On 10/06/2023

RAISE IMAGE: DATE: 10/16/2023

COMPANY: Yieldeasy INVESTOR: Somersault Ventures

ROUND: Seed AMOUNT: $1,100,000

NOTE: Yieldeasy, an alternative investment marketplace, specializing in private real estate loans, recently completed a pre-seed venture funding round, securing over $1 million in capital. The round was led by Somersault Ventures and saw participation from several real estate angel investors. Yieldeasy's core mission is to bridge the gap between accredited investors and private real estate lenders. Their investment marketplace empowers investors with access to secure, high-yield notes backed by property, opening up a $40 billion annual market that was traditionally inaccessible to the majority of investors. This groundbreaking approach addresses the scarcity of alternative real estate assets while simultaneously providing liquidity to over 10,000 private real estate lenders. Since its recent launch, Yieldeasy has experienced impressive growth. Their user sign-up volume has surged into triple digits, reflecting the growing appetite for their unique investment platform. Additionally, they have an in-house loan origination platform that is now facilitating over $10 million in loans each month. This internal origination process not only demonstrates Yieldeasy's operational efficiency but also ensures a robust supply of loans for their growing base of investors.

HQ: #Philadelphia #Pennsylvania

#VentureCapital #Yieldeasy #SomersaultVentures #TradedVC