Funding

AssetAvenue Raises $11M

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What does AssetAvenue do?

AssetAvenue, is an online peer-to-peer lending platform which is dedicated to the commercial real estate industry. This startup permits accredited investors and some other people to independently connect with issuers of securities which are related to the real estate investments.

AssetAvenue enables investors to invest in real estate loans secured by real properties like retail, multifamily, hospitality, industries, office and single family properties. It also gives access to senior secured loans, short term maturities, monthly cash flows, direct deposits, low investment minimums and investor programs.

How much AssetAvenue was funded?

AssetAvenue, has raised $11M in Series A funding on April 7th, 2015 from NetEase.com, DCM Ventures and Matrix Partners.

Previous Funding

  • $4M in  Seed round on June 27th, 2014 from Launchpad LA, Vectr Ventures, BAM Ventures, Matrix Partners and com

What is next for AssetAvenue?

It has experienced rapid growth since its launch in December 2013. The startup will use this funding to further increase its technology and the proprietary lending platform with additional product developments. It will also hire across multiple departments and increase its marketing and sales campaigns.

CEO and Co-Founder of AssetAvenue, David Manshoory, said the startup will also use the latest funding  to further increase its growth and deliver on the promise to serve better those who seek quick and efficient access to the capital on their platform, while providing the accredited and institutional investors to get good returns.

More about AssetAvenue

AssetAvenue was founded in December 2013 by David Manshoory with its headquarters in Los Angeles, CA. The startup provides quick and reliable access to competitively priced loans while offering the accredited investors the chance to earn attractive returns.

It leverages its innovative technology for providing bridge financing from $250K to $25 M per property.

AssetAvenue has been recognized as one of the top ten lending start ups by CB Insights and has been featured in Wall Street Journal, Forbes and Entrepreneur.

 

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