# Concreit

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/concreit

- Industry: Financial Services
- Headquarters: Seattle, US
- Website: www.concreit.com
- Total disclosed funding: $6M
- Latest round: Seed (Sep 16, 2021)
- Investors on record: 2

## About

Based in the US, Concreit Inc. is a technology-driven company that provides a mobile platform for fractional real estate investments, simplifying the investment process for everyday investors.Concreit Inc. is a company focused on facilitating fractional real estate investment through its user-friendly platform. Founded in 2018 in Seattle, US, by Jordan Levy and Sean Hsieh, the company has successfully completed two funding rounds, including a SEED round in September 2021 where it raised USD 6.000 mn with participation from Matrix Partners and Hyphen Capital. The company’s current valuation stands at USD 22.500 mn.Concreit offers a user-friendly mobile application designed to facilitate fractional real estate investment, allowing users to build diversified portfolios with expert assistance. By enabling investments in expertly-managed real estate assets, the app serves everyday investors looking to grow wealth without the complexities of direct property ownership. Key features include auto-investments aligned with individual financial goals, real-time updates on account performance, and educational resources about real estate investing. Concreit primarily targets retail investors and individuals interested in alternative investment strategies, successfully serving tens of thousands of clients across the United States.Concreit's revenue model is driven by transaction fees associated with investments made through its platform, as well as potential management fees from the expertly-managed real estate assets it offers. Clients engage with the app to set financial goals and invest in curated real estate portfolios, with earnings potentially realized through weekly dividends tied to the performance of underlying properties. The platform specifically caters to individual retail investors, supporting a direct-to-consumer business model.In September 2021, Concreit Inc. raised USD 6.000 mn in venture funding led by Matrix Partners, which will be used to enable broader access for individuals to invest in a real estate fund. The company aims to expand its offerings and enhance its technology platform to attract more retail investors. Specific details about upcoming product launches or geographic market expansions have not been disclosed, but the firm is focused on increasing its user base and enhancing investment accessibility.

## Funding rounds

- Seed, Sep 16, 2021, $6M — Matrix Partners, Hyphen Capital

## Investors

- Matrix Partners (https://capitalatlas.ai/funds/matrix-partners) — Seed
- Hyphen Capital (https://capitalatlas.ai/funds/hyphen-capital) — Seed