Fundrise
Growth Stage
Overview
Platform
Fundrise
Start Date
09/29/2023
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+
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
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: 09/29/2023
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Raise History
| Offering Name | Close Date | Platform | Valuation/Cap | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|---|
| Fundrise | 09/29/2024 | Fundrise | $697,255,719 | - | Equity - Common | Active | RegA+ |
| Fundrise | 09/29/2023 | Self Managed | - | - | Equity - Common | Funded | RegA+ |
| Fundrise | 02/13/2023 | Self Managed | - | - | Equity - Common | Funded | RegA+ |
| Fundrise | 08/15/2022 | Self Managed | - | - | Equity - Common | Funded | RegA+ |
| Fundrise | 05/31/2022 | Self Managed | - | - | Equity - Common | Funded | RegA+ |
| Fundrise | 03/04/2022 | Self Managed | - | - | Equity - Common | Funded | RegA+ |
| Fundrise | 07/28/2021 | Self Managed | - | - | Equity - Common | Funded | RegA+ |
| Fundrise | 11/27/2020 | Self Managed | - | - | Equity - Common | Funded | RegA+ |
| Fundrise | 02/27/2020 | Self Managed | - | - | Equity - Common | Funded | RegA+ |
| Fundrise | 07/24/2019 | Self Managed | - | - | Equity - Common | Funded | RegA+ |
| Fundrise | 08/22/2018 | Self Managed | - | - | Equity - Common | Funded | RegA+ |
| Fundrise | 07/28/2017 | Self Managed | - | - | Equity - Common | Funded | RegA+ |
| Fundrise | 02/15/2017 | Self Managed | - | - | Equity - Common | Funded | RegA+ |
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