October 29, 2020

RealBlocks secures $7M in financing for its alternative investments platform

RealBlocks has secured $7 million in financing to expand the development of its technology platform that enables access to alternative investments.

The New York-based startup said the Series A funding round brings its total investment to $10.7 million.

The round was oversubscribed and led by new investor Crosslink Capital, a venture investor based in Palo Alto, California, that manages more than $1.8 billion in assets under management. 

RealBlocks said the new capital will allow it to scale its business development and engineering teams to meet growing customer demand.

RealBlocks launched in 2019 with the aim of providing open access to alternative investments –– real estate, infrastructure and private equity and debt –– while improving the investment experience for wealth managers, advisors and investors.  Read rest here