Overview

Funding data not publicly available
Platform

Fundrise

Start Date

09/28/2023

Close Date

Not Provided

Min. Goal
$16
Max. Goal
$62,992,072
Min. Investment

$16

Security Type

Equity - Common

Series

Series C

SEC Filing Type

RegA+    Open SEC Filing

Price Per Share

$15.90

Pre-Money Valuation

$697,255,719

Year Founded

2014

Industry

Financial & Insurance Products & Services

Tech Sector

Fintech

Distribution Model

B2C

Margin

High

Capital Intensity

Low

Location

Washington, District of Columbia

Business Type

High Growth

Fundrise is raising funds independently through Reg A+ crowdfunding. The company has developed a technology platform that makes it easier for individuals to build a portfolio of private assets. Fundrise combines technology and investment expertise to bring down the barriers to best investments and enable individual investors to invest in assets, including venture capital, real estate, and private credit. The platform currently has a $7 billion investment portfolio and is being used by 1.9 million to start investing smarter. Benjamin S. Miller founded Fundrise in 2014. The current crowdfunding campaign has a maximum target of $62.9 million. The campaign proceeds will be used to increase the company’s capitalization and financial flexibility and acquire businesses, products, services, or assets.

Balance Sheet

Cash and Cash Equivalents

$29,764,000

Investment Securities

$0

Accounts and Notes Receivable

$7,132,000

Property, Plant and Equipment (PP&E)

$1,854,000

Total Assets

$73,694,000

Accounts Payable & Accrued Liabilities

$7,966,000

Long Term Debt

$2,690,000

Total Liabilities

$17,914,000

Total Stockholders' Equity

$55,780,000

Total Liabilities and Equity

$73,694,000

Statement of Comprehensive Income Information

Total Revenues

$58,616,000

Costs & Expenses Applicable to Rev

$99,152,000

Depreciation and Amortization

$3,912,000

Net Income

$-40,618,000

Earnings Per Share - Basic

$-1.36

Earnings Per Share - Diluted

$-1.36

Auditor: KPMG LLP
Financials as of: 09/28/2023
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Fundrise 09/28/2024 Fundrise $697,255,719 - Equity - Common Active RegA+
Fundrise 09/28/2023 Self Managed - - Equity - Common Funded RegA+
Fundrise 02/12/2023 Self Managed - - Equity - Common Funded RegA+
Fundrise 08/14/2022 Self Managed - - Equity - Common Funded RegA+
Fundrise 05/30/2022 Self Managed - - Equity - Common Funded RegA+
Fundrise 03/03/2022 Self Managed - - Equity - Common Funded RegA+
Fundrise 07/27/2021 Self Managed - - Equity - Common Funded RegA+
Fundrise 11/26/2020 Self Managed - - Equity - Common Funded RegA+
Fundrise 02/26/2020 Self Managed - - Equity - Common Funded RegA+
Fundrise 07/23/2019 Self Managed - - Equity - Common Funded RegA+
Fundrise 08/21/2018 Self Managed - - Equity - Common Funded RegA+
Fundrise 07/27/2017 Self Managed - - Equity - Common Funded RegA+
Fundrise 02/14/2017 Self Managed - - Equity - Common Funded RegA+
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Fundrise on Fundrise 2023
Platform: Fundrise
Security Type: Equity - Common
Valuation: $697,255,719
Price per Share: $15.90

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