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Security Type
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CAFES
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Categories
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Technology, Financial Services, Real Estate
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Min Investment
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$500
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Location
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Newport Beach, , CA
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No. Investors
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207
Key Deal Facts
200% YOY user growth. 22 consecutive monthly dividend payments with a 6.5% annualized yield.
300% avg. account size growth in less than 2 years. Our performance drives additional investments.
$4M previously raised. Backed by founders of Acorns and former CBRE Chairman & CEO.
Unique partnership with Boxabl, the $3.3B modular home builder disrupting home construction.
Future of Housing Fund w/Boxabl is the only fund focusing on modular housing communities.
CEO Harold Hofer founded Rich Uncles, the first-ever real estate crowdfunding platform. Exited 2019.
Real Estate API, our tech innovation aimed at disrupting traditional wealth management.
Designed & built for Millennials, who will control the majority of US wealth within 10 years.
Management Team / Advisory Board Bios
Harold Hofer Chief Exectutive OfficerFounded the first-ever Real Estate Crowdfunding platform Rich Uncles back in 2012 which grew to $500,000,000 in AUM prior to exit. A lawyer by training with 40+ years of experience in real estate and a pioneer in real estate crowdfunding., Alex Cruttenden Chief Product OfficerOne of the first employees and part of the original product team that designed Acorns, the $2.2B savings & investment app. Currently responsible for Elevate Money's intuitive user flow and millennial-focused design., Sachin Jhangiani Chief Marketing OfficerAfter 2 decades, the former Bond Trader for Credit Suisse, Bank of America, and Nomura Securities left Wall Street to help level the playing field and provide all investors access to the same knowledge and opportunities as the wealthy.
Amount Raised
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$2,483,410
Reveal the Score by Voting
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Additional ratings from other users are needed to determine a viable CrowdScore for this deal.
The "CrowdScore" for this deal is determined by user ratings and other factors using our proprietary algorithm.
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The overall viability and scalability of the business concept as well as the ability to drive the concept to profitability over time.
Business Idea
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The progress made thus far in demonstrating that the business has viability, a customer base or other business traction.
Business Traction
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The experience of the management team in running, scaling and/or exiting a business that required similar skills to execute the business plan.
Management Team
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The value of the company compared to similar companies raising money from investors.
Valuation
Security Description
A CAFES (Contract and Future Equity Stake) can convert into different types of equity upon a Triggering Event, such as: common or preferred stock for a corporation, limited partnership interest for a limited partnership and membership interest for a limited liability company. At the time of the Triggering Event, the specific rights and limitations associated with the equity stake being issued to the investors will be determined and disclosed by the Entrepreneur.