Groundfloor

Short-term, high-yield real estate debt investments for everyone

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Categories
Technology, Financial Services, Retail, Community & Lifestyle, Real Estate
Min Investment
$100
Location
Atlanta, GA
Expected Close Date
April 30, 2023
Target Raise
$50.00K-$5.00M
No. Investors
860
Security Price
$43.90
Valuation
$100,000,000
Website
groundfloor.com
Number of Employees
103
Cash
$2,641,950
Revenue
$11,220,099
Short Term Debt
$192,858,384
Cost of Goods
$1,363,150
Long Term Debt
$134,865
Net Income
$-3,948,774

Key Deal Facts

First and only company qualified by the SEC to issue payment-dependent real estate notes
Our platform makes investing safe, easy, and predictable – with no fees, ever
Short-term, high-yield investments that average a 10% annual return
Nearly 200,000 users and growing quickly
Over $800 million invested on the platform to date
Winner of over two dozen industry and innovation awards
Annual revenue CAGR of 62% since 2018, on track to grow from $14.1m in 2021 to $23.1m in 2022
Raised more than $38 million from notable angels, VCs, and over 6,375 individual retail investors

Management Team / Advisory Board Bios

Brian Dally Co-Founder & CEOBrian's 20-year career building disruptive technology startups includes stints in Silicon Valley, Boston, London, and the North Carolina Research Triangle. Brian has a JD from Harvard Law School and an MBA from Harvard Business School., Nick Bhargava Co-Founder & EVP Regulatory AffairsNick leads product development and is responsible for regulatory strategy. An expert in securities law, Nick was heavily involved in the JOBS Act as an early pioneer of crowdfunding. Nick received his LLM at Duke University School of Law., Rhonda Hills COORhonda has spent her career building digital supply and demand marketplaces. Prior to Groundfloor, she served as CMO for Dinova, EVP Operations for BLiNQ Media and CMO for Kudzu.com. Rhonda is a summa cum laude graduate of the University of Maryland., Chris Schmitt CTOChris has 15 years of software experience as a Full Stack developer, including stints at Republic Wireless (with Brian) and building financial services backend systems for Fidelity Investments. Chris earned his BA from Roger Williams University., Benjamin Sutton SVP, Finance & StrategyBen's career began in the Audit practice at KPMG LLP and worked in a financial reporting role at a public company during the company’s initial public offering. Ben is a certified public accountant, and has a MAcc from the University of North Florida., Patrick Donoghue VP, Risk ManagementPatrick is a seasoned real estate professional with a breadth of real estate and financial operations experience, including wholesale loan origination, market research, and valuation. He graduated from Edinboro University with a B.A. in Psychology., Chris Garrett VP, ProductChris has led development on 60+ mobile apps, working with companies ranging from lone founders to corporations with millions in revenue. Chris earned an MS in Biochemistry from Duke University and BS in Biochemistry from Florida State University., Megan Heaney Head of People, Culture and ProjectsAs a 12-year tech startup veteran, Megan knows how to grow a thriving organization and has developed a world-class employee experience at Groundfloor for our amazing team. Megan holds a BS in Strategic Communications from the University of Colorado.
Amount Raised : $2,007,101
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