on SeedInvest

GROUNDFLOOR

Wealthtech platform that lets everyone build wealth through real estate lending
Atlanta, 
GA
Investment type:
Equity
(Series B)
Target raise:
$9,999,994
Minimum investment:​
$984
End date:
Dec 09, 2021
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Highlights

GROUNDFLOOR states they are the first and only issuer of payment-dependent real estate notes ever qualified by the SEC under Regulation A+. In 2018, GROUNDFLOOR received regulatory qualification for Reg A+ Tier II, allowing GROUNDFLOOR to sell investment securities to non-accredited and accredited individuals in all 50 states.</p>

Over 75,000 registered users have invested more than $250M in GROUNDFLOOR’s real estate investments which earned an average rate of return of 10.6% (since inception). </p>

Growing at a 249% annual revenue CAGR since 2014 with revenues more than doubling from 2018 to 2019, from $2.89M to $6.4M.  </p>

Raised more than $22M since inception in 2013 (this includes $14.4M from 3,200 public shareholders who own 20% of the company, as well as notable VC and angel investors including Fintech Ventures and MDO Ventures).