The company is exploring a public offering through an SPAC sometime in the next 2 years. Here are the top-line bullets you need to know.
Yieldstreet, a digital platform for alternative investments, has raised $100M in a Series C with participation from Greycroft, Soros Fund Management, Greenspring Associates, and The Raine Group, among others.
HOW’S THE COMPANY PERFORMING?
- Yieldstreet, provides an alternative investment platform across asset classes like marine/shipping, legal finance, real estate, and commercial loans that were previously only open to institutional investors.
- The company has funded investments worth $1.9B and has around 300,000 consumers on its platform.
- Yieldstreet’s investor base has grown by 350% since 2019 and the company expects a 50% year-over-year revenue growth in 2021.
- The company has paid $960M to its investors in principal and interest returns to date.
- Investment requests and new investors surged over 250% from January through April 2021, compared to 2020.
Source: Yieldstreet
WHY DOES THE MARKET MATTER?
- The wealth management platform market is projected to grow at a CAGR of 13.4% to reach a value of $3.20B by 2022, according to Markets and Markets.
- The pandemic saw an increase in first-time investors due to the pandemic.
- The wealth tech space gained momentum in 2020, with wealth tech companies raising $3.4B as of September 2020 — already a 29% increase from $2.6B in 2019.
