Groundfloor (Finance)


About this raise: Groundfloor, with a pre-money valuation of $52 million, is raising funds through Reg A+ crowdfunding. The platform allows everyone to build wealth through real-estate lending. The Groundfloor platform originates and underwrites loans for residential real estate projects. The loans are then converted into LROs that can be invested into by individual investors. Groundfloor was founded by Brian Dally and Nick Bhargava and has raised over $22.5 million in previous rounds of financing. The current round of funding has a minimum goal of $1,250,013 and a maximum goal of $9,999,994. The funds will be used for customer acquisition, regulatory development, new product development, software and technology, local market expansion, and operating expenses. Groundfloor has over 75,000 registered users who have invested more than $250 million in its real-estate investments.

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Investment Overview

Invested this round: $3,012,894

Deal Terms

Total Commitments ($USD)

Platform
Self Managed
Start Date
07/01/2018
Close Date
06/30/2019
Min. Goal
$10
Max. Goal
$5,000,000
Min. Investment

$984

Security Type

Equity - Preferred

SEC Filing Type

RegA+    Open SEC Filing

Price Per Share

$10.00

Pre-Money Valuation

$51,848,310

Company & Team

Company

Year Founded
2014
Industry
Real Estate & Construction
Tech Sector
Fintech
Location
Atlanta, Georgia
Company Website
Visit Website

Team

Employees
20

Financials

Financials are not currently available for this company. This may occur if the company is still Testing the Waters, is a Regulation D offering, or if the financials are still under review and being confirmed by our team. For Reg CF and Reg A+ raises, please check back later.

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Company Funding & Growth

Funding history

Offering Name Close Date Platform Valuation Total Raised Security Type Status Reg Type
Groundfloor 10/31/2024 Republic $289,000,000 $1,229,228 Equity - Preferred Funded RegCF
Groundfloor (Finance) 11/18/2022 Wefunder $243,407,782 $2,290,044 Equity - Preferred Funded RegCF
Groundfloor (Finance) 06/30/2019 Self Managed $51,848,310 $3,012,894 Equity - Preferred Funded RegA+
Groundfloor (Finance) 06/30/2018 Self Managed $27,287,500 $4,228,670 Equity - Common Funded RegA+
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Growth Charts

Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Valuation History

Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Employee History

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GROUNDFLOOR on Groundfloor
Platform: Self Managed
Security Type: Equity - Preferred
Valuation: $51,848,310
Price per Share: $10.00

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