Fundrise soars to $38m series A

Oct 1, 2014 • Joanne Faulkner

Real estate crowdfunding platform Fundrise has added more capital to its Renren-backed series A round, which now stands at $38m.

US-based real estate crowdfunding platform Fundrise has received additional series A funding from investment firm Guggenheim Partners, venture capital firm Index Ventures and private investors, bringing the total raised in the round to $38m.

Fundrise raised $31m in the first tranche of the round in May, which was led by China-based social network Renren and also featured investment firm AckmanZiff Real Estate Group, Berman Enterprise and various angel investors.

Fundrise allows lenders to invest in specific properties for as little…

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