Groundfloor (Finance)
A wealthtech platform that lets everyone build wealth through real estate lending.
Overview
Raised: $2,290,044
Total Commitments ($USD)
Wefunder
08/14/2022
11/18/2022
$100
Equity - Preferred
Seed
RegCF
$43.90
$243,407,782
Rolling Commitments ($USD)
11/29/2022
$24,106
1,795
2013
Real Estate & Construction
Proptech
B2C
High
Low
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$11,220,099 |
$5,451,538 |
|
COGS |
$1,363,150 |
$611,436 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-3,948,774 |
$-4,786,633 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$2,641,950 |
$1,429,172 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$192,996,368 |
$71,949,680 |
|
Short-Term Debt |
$192,858,384 |
$73,416,711 |
|
Long-Term Debt |
$134,865 |
$138,680 |
|
Total Liabilities |
$192,993,249 |
$73,555,391 |
Raise History
| Offering Name | Close Date | Platform | Valuation/Cap | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|---|
| Groundfloor (Finance) | 11/17/2022 | Wefunder | $243,407,782 | $2,290,044 | Equity - Preferred | Funded | RegCF |
| Groundfloor (Finance) | 06/29/2019 | Self Managed | $51,848,310 | $3,012,894 | Equity - Preferred | Funded | RegA+ |
| Groundfloor (Finance) | 06/29/2018 | Self Managed | $27,287,500 | $4,228,670 | Equity - Common | Funded | RegA+ |
Price per Share History
Note: Share prices shown in earlier rounds may not be indicative of any stock splits.
Valuation History
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.
Employee History
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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.