Groundfloor (Finance)
About this raise: Groundfloor, with a valuation of $243 million, is raising funds on Wefunder. 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 in by individual investors. Groundfloor has over 200,000 registered users and reported $14.1 million in revenue in 2021. Brian Dally and Nick Bhargava founded GROUNDFLOOR in January 2013. The current crowdfunding campaign has a minimum target of $50,002 and a maximum target of $4,999,991. The campaign proceeds will be used for customer acquisition, product development, and hiring.
Investment Overview
Invested : $2,290,044
Deal Terms
Total Commitments ($USD)
- Platform
- Wefunder
- Start Date
- 08/15/2022
- Close Date
- 11/18/2022
$50,002
$4,999,991
$100
Equity - Preferred
Seed
RegCF
$43.90
$243,407,782
Company & Team
Company
- Year Founded
- 2014
- Industry
- Real Estate & Construction
- Tech Sector
- Distribution Model
- B2C
- Margin
- High
- Capital Intensity
- Low
Financials
- Revenue +106% YoY
- $11,220,099
- Monthly Burn
- $329,065
-
Runway
- 8 months
- Gross Margin
- 88%
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Analyst Report
Groundfloor has opened up a massive market opportunity by offering real estate debt investment opportunities to non-accredited investors. But the company faces constant risks, and navigating them will not be easy.
Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $38,000,000
- VC Backed?
- Yes
| 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.