Fund That Flip Raises $ 20M Series B to Expand Offering for Local Real Estate Entrepreneurs
Article edited by Lori Peebles
Image by Gerd Altmann from Pixabay
Rapidlygrowing fintech company ’ s awardwinning endtoend investment platform empowers real estate entrepreneurs to create wealth and value in their communities
Fund That Flip , the New York Cityand Cleveland , OHbased real estatefocused fintech platform , recently announced the first close of its $ 20 million Series B funding round . The financing was led by GPO Fund of New York , with participation from MassMutual Ventures and Tribeca Early Stage Partners . More than 50 Fund That Flip clients also participated in the capital raise via an AngelList syndicate led by proptech investor , Jonathan Wasserstrum .
Earlier investors included Edison Partners and SoundBoard Venture Fund . The investment will help further the expansion of the firm ’ s proprietary technology platform that provides investors access to scalable capital and passive investment opportunities . The raise will also accelerate the company ’ s national expansion , development of technological innovations for an underserved industry , and exploration of global opportunities .
“ Real estate investors play an integral part of the economy in building homes , creating jobs , and growing businesses and communities ,” said Matt Rodak , founder and CEO of Fund That Flip .
“ Since our inception , we have been dedicated to solving the problem so many entrepreneurs face : access to capital and technology to grow their businesses . This round of funding accelerates our mission to deliver technologyfirst solutions that create even more value for the local entrepreneurs who are themselves creating value in their own communities .”
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