Cadre was most recently valued at $800 Million.
In the five years since launching in 2014, the startup now has roughly 20,000 investors who have stakes in more than $3 billion worth of real estate assets.
With the recent sale of two apartment complexes in the Chicago and Atlanta metro areas, respectively, Cadre says it's hit a new milestone—$100 million in returns to its investors, to date.
VC Backers includes Andreessen Horowitz, General Catalyst, Khosla Ventures and Founders Fund. The company is among a wave of "proptech" companies that have sought to disrupt the commercial real estate industry via tech-enabled platforms and products.
Read the article on Fortune here: https://fortune.com/2019/09/26/proptech-startup-cadre-investor-returns/
No comments:
Post a Comment
___________________________________
Commented on The MasterFeeds