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Yieldstreet to acquire real estate investment platform Cadre

TechCrunch

Alternative investment platform Yieldstreet announced today that it has agreed to acquire Cadre, an online real-estate-focused investment platform aimed at institutional and high net worth investors. Financial terms of the deal were not disclosed.

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Fintech Startup Backflip Gains Series A Round for Platform Supporting Real Estate Entrepreneurs

American Entrepreneurship

$15 Million Series A supports the startup’s growth with a $10M Net Revenue Run Rate In 2021 real estate fintech startup Backflip launched an all-in-one platform for real estate entrepreneurs to support their acquisition and renovation of single-family homes. Over 400,000 homes are flipped every year in the U.S.

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Sumutasu secures $10M to digitize Japan’s real estate market

TechCrunch

Sumutasu , a Tokyo-based proptech startup that offers a direct online real estate purchase service, has secured $8.2 Takahiro Sumi (CEO) and Tomoya Ito (COO) co-founded Sumutasu four years ago to streamline the buying and selling of residential real estate. Japan Finance Corporation led the debt financing.

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Real estate investing giant Fundrise breaks into venture capital

TechCrunch

Fundrise , a company that allows anyone to invest in real estate with a minimum investment of just $10, is making a splashy entry into the venture capital market with the goal of raising a new $1 billion growth equity fund to invest in late-stage tech startups, it announced today. Fundrise manages over $2.8 Fundrise manages over $2.8

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Tech industry reacts to Adam Neumann’s a16z-backed return to real estate

TechCrunch

The stealthy startup is trying to reinvent real estate (again), but instead of commercial properties, which WeWork focused on, Neumann is looking into revolutionizing rental properties. It is unclear how the deal is structured between equity financing or debt financing. It’s a playbook that they never change.

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Flat.mx raises $20M from VCs, proptech unicorn founders to fix Mexico’s ‘broken’ real estate market

TechCrunch

Flat.mx, which wants to build a real estate “super app” for Latin America, has closed on a $20 million Series A round of funding. That September, the proptech startup had raised one of Mexico’s largest pre-seed rounds to take the Opendoor real estate marketplace model across the Rio Grande. Previously, Flat.mx

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Concreit closes on $6M to allow more people to invest in the global private real estate market

TechCrunch

Concreit , a company that wants to open real estate investing to a broader group of people, announced today that it has closed $6 million in a seed funding round led by Matrix Partners. . Concreit gives everyone access to a real estate portfolio and the ability to have access to withdrawals when they need them.”.