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.
Investment Overview
Invested : $3,012,894
Deal Terms
Total Commitments ($USD)
- Platform
- Self Managed
- Start Date
- 07/01/2018
- Close Date
- 06/30/2019
$10
$5,000,000
$984
Equity - Preferred
RegA+
$10.00
$51,848,310
Company & Team
Company
- Year Founded
- 2014
- Industry
- Real Estate & Construction
- Tech Sector
- Location
- Atlanta, Georgia
- Company Website
-
Visit Website
Team
- Employees
- 20
Financials
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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+ |
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.