Realty Mogul hits $3 million in funding just 4 months into crowdfunding

realtymogul

CrowdFundBeat News: Realty Mogul, a real estate crowdfunding site, has just announced that it crossed the $3 million mark yesterday, after surpassing the $2 million at the end of June. The site is a marketplace for accredited investors to pool money online and buy shares of pre-vetted real estate investments.

For a company that is bracing a relatively new concept in the real estate investing industry, Realty Mogul is experiencing an outstanding year. The company has already grabbed first place in 2 highly recognized competitions for startup companies. Earlier this year in March, Realty Mogul beat 50 other companies and came in first at the Founder Showcase competition. Not only that, Realty Mogul went home with top honors in the HATCH Pitch Competition at SXSW triumphing over 100 other applicants. It is also a finalists for the Innotribe SWIFT event that will take place in mid-Septemberof this year; one of its toughest competitions yet.

CFB visits Realty Mogul Team in Los Angeles, CA

Realty Mogul CEO Jilliene Helman & Team Members
Photo by CrowdFundBeat

A Los Angeles based company, Realty Mogul has since extended its offerings to include transactions from Seattle, Washington, Tennessee, Texas and Kansas. However, investors are free to participate from anywhere and the company will be gradually expanding. Partnerships with professional companies such as AH Capital, Dimension Investment Group, and Real Property Funding has allowed Realty Mogul to be one of the best real estate investing companies in a variety of markets.

Right now, due to the sensitivity of SEC rulings, Realty Mogul is focusing on accredited investors. To qualify, an individual will need to have an income of more than $200,000 annually or have a net worth of more than $1 million in liquid assets. However, Realty Mogul is looking forward to the Title III of JOBS Act to come out whereby it can start to solicit investments from the mass affluent. Realty Moguls website allows you to browse a marketplace of different investments, sign legal documentation securely online and fund online.  Investments are only made when the goal of the total funding is reached. Then, tracking your investments is going to be a piece of cake by looking at the investor dashboard.

One of Realty Mogul’s biggest goals is to build trust among its investors. Therefore, they try to keep their real estate deals as transparent as possible. However, the protection and safety of the investors will always be their first priority.

CFB Staff Writer, Nicole C

Tags: , , , , , , , , , ,

Live Crowdfunding .tv

ULI/PwC's Emerging Trends in Real Estate: Watch more video library | Conference | Interview | Campaign Showcase | Research | Education | ....MORE VIDEOS

CFB Latest Headline News

Short-lived Urban Chez hopes online crowdfunding will help revive closed ...Press-Register - al.comKickstarter, which reported $480 million in online pledges in 2013, gives individuals and companies the opportunity to "crowdfund" for creative projects, big or small. Since 20 [...]

VentureBeat4 ways to make your crowdfunding campaign hit $1M or moreVentureBeatThrough crowdfunding, you can get the support of thousands of investors, not just a few. What's more, these investors may not even be interested in acquiring equity in your company. It's likely th [...]

Crowdsourcing.orgTilt Is on a Mission to Make Crowdfunding Free and Easy for EveryoneCrowdsourcing.org“We think crowdfunding is going to become an everyday thing, it's not going to be only something you think about when you want to launch a cool new hardware product,” co-founder [...]

Houston ChronicleSmaller investors may gain better crowdfunding opportunitiesHouston ChronicleMany consider the state's proposed rules a game changer. Because of current U.S. Securities and Exchange Commission regulations, the majority of equity crowdfunding opportunities are ava [...]

Crowdfund InsiderGlobal Crowdfunding Convention Hits Las Vegas This Week. Worldwide ...Crowdfund InsiderWorld Crowdfunding Council The Global Crowdfunding Convention and Bootcamp (GCCB) has claimed the title of the longest running crowdfunding convention. The three day event was found [...]

Crowdfund InsiderPanono Launches Equity Crowdfunding Campaign on CompanistoCrowdfund InsiderThe dramatic success of this rewards based crowdfunding campaign continues developing the theme that crowdfunding has the potential to generate products and launch companies – smarter, faster, [...]

Crowdfund InsiderLook Ma, No Wheels: Hendo Hoverboard Kickstarter Crowdfunding Campaign ...Crowdfund InsiderAs proof of concept, the company — Arx Pax — has created a working overboard prototype called Hendo, as well as Hendo Hover Engine developer kits, both of which are part of the [...]

The Myth Of Magical Crowdfunding -- And What Actually WorksForbesI've been reporting on crowdfunding since it first started to take off in the U.S., around the time crowd-lending site Prosper.com debuted here in 2006. Now, it seems every startup owner and creative artist I meet h [...]

TechCrunch (blog)Handbook For A New Era Of CrowdfundingTechCrunch (blog)On the surface, crowdfunding seems to defy logic. Economists find the phenomenon of crowdfunding startling. If you think like an economist, crowdfunding shouldn't work. But it does. And those who understand w [...]

TechCrunch (blog)Bitcoin 2.0 Crowdfunding Is Real CrowdfundingTechCrunch (blog)Kickstarter, Indiegogo and all the other traditional platforms act as the trusted third party that enables a crowdfunding campaign. Thanks to them, a backer can feel confident that the money he sends to the [...]

Press Release