AssetAvenue, a Los Angeles-based online peer-to-peer lending platform to invest and borrow money in commercial real estate, has raised the amount of $3 million in funding.
Matrix Partners and NetEase led the round with additional investors from the technology, venture capital and real estate industries participating.
AssetAvenue will use its seed round funding to accelerate strategic partnerships with lenders, fuel the continued growth of its institutional and accredited investor base, and build upon its proprietary lending platform.
Founder and CEO of AssetAvenue, David Manshoory, shared, “We are thrilled to have such an incredible caliber of investors supporting AssetAvenue’s mission to revolutionize the real estate investment industry by removing the barriers that have traditionally prevented individuals from investing in commercial real estate opportunities.”
Tags: Venture Capital, Venture Capital Firm, Venture Capital Group, Venture Capital Industry, Venture Capital Investment, Venture Capital Investor, Venture Capital Fund, VC Funding, VC, AssetAvenue, Los Angeles, California, Online Peer-to-Peer, Commercial Real Estate, Matrix Partners, NetEase Capital, Real Estate Industry, Seed Funding, David Manshoory, Real Estate Investment, Commercial Real Estate.