Press Release (ePRNews.com) - SAN DIEGO - Jul 11, 2018 - DiversyFund, the premiere vertically integrated online platform for alternative investments such as private market real estate, announces today that it has nearly hit its $3 million Series A financing goal, as high net worth investors flock to the innovative platform that is using online technology to disrupt alternative investing.
The closing of the $3 million tranche of Series A fundraising represents a significant milestone for DiversyFund, which will use the additional capital to further develop online technology and product offerings on the platform while growing its subscriber base.
“We appreciate the vote of confidence from our Series A investors. FinTech companies in our space are seeing sky-high valuations and we believe that our unique business model will help accelerate our company’s valuation for our Series A investors since none of our competitors actually own the real estate like we do,” said Craig Cecilio, the CEO and co-founder of DiversyFund. “Our goal is to deliver at least a 5 to 10X return to our Series A investors over the next few years while mitigating investment risk along the way by building up a strong balance sheet of real estate assets.”
DiversyFund Series A investors will own both a portion of the online fintech platform and DiversyFund’s growing portfolio of multi-million dollar commercial real estate assets, making the investment a unique venture capital play since the Series A investment is backed by the company’s real estate collateral. The company plans to give its Series A investors liquidity by either an initial public offering or distributing profits from the sale of real estate assets. DiversyFund has raised nearly $3 million since the end of 2017 from a group of high net worth investors, including family and friends of the company’s co-founders. The largest investment amount from an individual is $500,000 from an experienced angel investor in Hong Kong’s venture capital community.
DiversyFund is preparing to file its first Regulation A Growth REIT offering focused on commercial real estate, which will allow the company to take investments from non-accredited investors for the first time. “Our online platform has thousands of non-accredited investors who have a pent-up demand. We see a huge opportunity in granting access to high-quality real estate investments to this under-served market segment. Especially since many of those non-accredited investors have net worths above $500,000 but below $1 million and are ready to invest like the 1% demographic,” said Mr. Cecilio, CEO.
With its one-of-a-kind vertically integrated platform, DiversyFund owns all the assets and properties it develops in-house and charges its users zero broker fees as a result of this unique structure. DiversyFund now has over 30,000 investors and currently manages over $100 million in commercial real estate assets, which are located in prime, high-growth California coastal markets.
DiversyFund’s crowdfunding platform is dedicated to offering everyone the opportunity to diversify their portfolio. We are opening up what used to be exclusive wealth building opportunities to everyone.
The company’s principals Craig Cecilio and Alan Lewis combine nearly four decades of collective experience in the real estate investment industry, bringing the best of both real estate expertise and Wall Street experience to the company’s investors. DiversyFund is focused on changing the world of real estate investing and is dedicated to providing investors with diversification via high-quality and thoroughly vetted alternative investment opportunities in both commercial and residential real estate.
To learn more about DiversyFund and join their network of online investors, please visit DiversyFund.com.
DiversyFund Inc. is not an investment advisor and does not provide investment advice. This is not an offer to sell or a solicitation of any offer to buy any securities. Offers are made only by prospectus or other offering materials. Past performance does not guarantee future results. Source :