Groundfloor Says Q2 was a File Quarter

Actual property crowdfunding platform Groundfloor says it had a record-breaking quarter.

In accordance with a submit on its providing web page, Groundfloor states that it skilled an funding quantity file throughout Q2:

“This previous Q2 2020, the corporate generated its highest quarterly retail funding quantity within the platform’s historical past (unaudited). It is a 48% YoY development in comparison with Q2 2019 and a 255% development in comparison with Q2 2018.”

Groundfloor gives property-based securities utilizing Regulation A+.  The funding platform experiences over 75,000 registered customers have invested greater than $250 million in Groundfloor listed actual property investments. On common, Groundfloor experiences a 10.6% price of return.

As was beforehand reported, Groundfloor is presently elevating capital for itself by way of an providing hosted on SeedInvest, Groundfloor is hoping to boost as much as $10 million in most well-liked fairness at a pre-money valuation of just below $74 million.  Groundfloor has beforehand raised about $22 million since its launch in 2013 together with $14.four million from 3,200 public shareholders.