The round brings Crowdstreet's total funding to $60M. Here are the top-line bullets you need to know.
CrowdStreet, a real estate investment marketplace, has raised $23M in funding. The round drew participation from Grotech Ventures and Seven Peaks Ventures.
HOW’S THE COMPANY PERFORMING?
- Texas-based CrowdStreet enables real estate developers and operators to fundraise more quickly and manage their investors.
- Since 2014, 647 commercial real estate investment offerings have been closed and $3.3B in funding has been raised on the company’s platform.
- Of the 647 deals, 115 have been realized (as of May 2022).
- The startup is headquartered in Austin, Texas.
Source: CrowdStreet
WHY DOES THE MARKET MATTER?
- The global real estate software market is expected to reach a value of $18.7B by 2028, growing at a CAGR of 9.7%, according to Grand View Research.
- Individuals and organizations are turning to real estate software in order to support data management and security amid increasing digitization.
Want to see more research? Join a demo of the CB Insights platform.
If you’re already a customer, log in here.
