Realty Mogul Secures $35M in Series B
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Jilliene Helman: “There is a lot of interest around fin-tech in general and a lot of capital being deployed into real estate technology across the venture community.”
LOS ANGELES—Realty Mogul has completed its series B funding round, raising $35 million. Sorenson Capital led the round with additional funding from Canaan Partners, who led Realty Mogul’s series A fundraising round. Realty Mogul will use the funds to hire additional technologists and data scientists to strengthen the company’s tech platform.
The series B round went exceptionally well, according toJilliene Helman, CEO of Realty Mogul. The success of the round matched the company’s series A fundraising round, which raised $9 million and was also very well received. “There is a lot of interest around fin-tech in general and a lot of capital being deployed into real estate technology across the venture community, and our fundraising efforts were widely very well receipted from the venture capital market,” Helman tells GlobeSt.com. “On the heels of what Lending Corp. and AllState Capitalhave been able to do, people are really excited about the application of an online marketplace in real estate. There is a widespread belief that we are one of the companies in the upper echelon, and big VCs like to back the brand leader. It was a very quick round, but capital raises are fast when you find the right partner. Given that there is a lot of excitement and interest in the market, that is exactly what this was.”…
Realty Mogul Secures $35M in Series B
