May 31, 2023

RealBlocks Secures Additional $10 Million in Extension of Series A Financing to Scale Tech Platform for Investing in Alternatives

Fundraising co-led by Crosslink Capital and Left Lane Capital; Total funding is $20.7 million

NEW YORK–(BUSINESS WIRE)–RealBlocks, a technology platform for alternative investments that provides an end-to-end digital investing process and secondary trading, today announced a $10 million extension of its Series A financing, bringing its total investment amount to $20.7 million. The round was oversubscribed and co-led by Crosslink Capital, a prominent venture investor based in Menlo Park with a focus on B2B, fintech and SaaS, and new investor Left Lane Capital, which is a New York-based global venture capital and growth equity firm investing in internet and technology companies.

The additional capital will enable RealBlocks to continue to scale its technology platform that provides capabilities such as onboarding and management of the entire lifecycle of alternative funds and their investors.

“We’re incredibly grateful for the engagement and support we have received from our investor base,” said Perrin Quarshie, CEO of RealBlocks. “This is a significant milestone that is indicative of our past accomplishments and our future success, especially now during a period of economic uncertainty that is leading investors to be more cautious. RealBlocks is uniquely positioned to fundamentally reshape the alternative investing experience for fund managers and their investors, and this funding will help advance our mission to make investing in private funds as easy as it is with public funds.” Read rest here