# PeerStreet

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

- Industry: Financial Services
- Headquarters: Los Angeles, US
- Website: www.peerstreet.com
- Total disclosed funding: $111M
- Latest round: Series C (Oct 28, 2019)
- Investors on record: 11

## About

PeerStreet, Inc. is a real estate investment platform that connects investors with high-yield, short-term loans for real estate debt investing, facilitating direct access to diverse lending opportunities.Founded in 2013, PeerStreet, Inc. operates a platform that allows individual and institutional investors to invest in real estate loans sourced from private lenders across various asset classes. The company is headquartered in Los Angeles, US. Brew Johnson, one of the co-founders, has a history of entrepreneurial ventures. As of June 26, 2023, the company has raised a total of USD 60.00 mn, with its latest funding round being Series C led by Colchis Capital Management. PeerStreet has executed a total of 5 deals to date.PeerStreet operates a real estate investment platform that primarily offers access to high-yield, short-term loans for real estate debt investing. The platform allows individual and institutional investors to directly invest in loans sourced from a network of private lenders and brokers across a variety of asset classes, geographies, and terms. PeerStreet facilitates the entire investment process, enabling users to choose specific loans to fund, while borrowers repay these loans with monthly interest payments. This model provides investors with a straightforward opportunity to earn returns on their investments without the complexities associated with managing physical properties. The company's services cater to a diverse client base, including both retail and institutional investors, looking to diversify their portfolios through real estate debt investments across the United States.PeerStreet generates revenue through the collection of interest payments from real estate borrowers, which are then distributed to investors who hold shares in those loans. The company structures its transactions primarily as a B2B platform, connecting lenders with borrowers while managing the associated loans and payments. By sourcing and aggregating loans, PeerStreet facilitates a marketplace where investors can engage directly with real estate debt opportunities. The revenue model is predicated on the interest earned from borrowers, which is shared with investors as they receive their monthly payments, underscoring PeerStreet's role as a critical intermediary in the real estate investment landscape.As of June 26, 2023, PeerStreet, Inc. filed for Chapter 11 bankruptcy protection, which may impact its future growth plans. However, details on upcoming products or market expansion strategies have not been disclosed.

## Funding rounds

- Series C, Oct 28, 2019, $60M — Thomvest Ventures, Colchis Capital Management, Andreessen Horowitz, World Innovation Lab
- Series B, Feb 2, 2018, $30M — Thomvest Ventures, Colchis Capital Management, Navitas Capital, Andreessen Horowitz, Felicis Ventures, World Innovation Lab, Solon Mack Capital
- Series A, Nov 17, 2016, $15M — Henry J. Kaiser Foundation, Rembrandt Venture Partners, Thomvest Ventures, Andreessen Horowitz, Felicis Ventures, Montage Ventures
- Seed, Aug 17, 2015, $6.1M — Rembrandt Venture Partners, Felicis Ventures, Toba Capital, Montage Ventures

## Investors

- Rembrandt Venture Partners (https://capitalatlas.ai/funds/rembrandt-venture-partners) — Seed, Series A
- Felicis Ventures (https://capitalatlas.ai/funds/felicis-ventures) — Seed, Series A, Series B
- Toba Capital (https://capitalatlas.ai/funds/toba-capital) — Seed
- Montage Ventures (https://capitalatlas.ai/funds/montage-ventures) — Seed, Series A
- Henry J. Kaiser Foundation — Series A
- Thomvest Ventures (https://capitalatlas.ai/funds/thomvest-ventures) — Series A, Series B, Series C
- Andreessen Horowitz (https://capitalatlas.ai/funds/andreessen-horowitz) — Series A, Series B, Series C
- Colchis Capital Management (https://capitalatlas.ai/funds/colchis-capital-management) — Series B, Series C
- Navitas Capital — Series B
- World Innovation Lab — Series B, Series C
- Solon Mack Capital — Series B