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Data-driven investment platform Cadre lands $65M funding round

By Mike Wheatley | July 4, 2017

Cadre, an investing marketplace for commercial real estate, has landed a whopping $65 million in a series C funding round. The money will be used to fuel Cadre's national expansion, data development and to hire more staff, the company said. Andreesen Horowitz led the round, with participation from the Ford Foundation, General Catalyst, Goldman Sachs, Jim Breyer, Khosla Ventures, and Thrive Capital. Since launching in 2014, Cadre acquired $50 million in series B and $18.3 million in series A financing.

The round brings Cadre's total funding to $133.3 million since its launch in 2014.

Cadre offers what it calls a "data-backed approach" service to accredited investors for large-scale investments. Endowments, family offices and other investors use the services to finance vetted real estate investment opportunities. For example, Cadre recently closed on the sale of a four-building multifamily portfolio in Astoria, Queens, that exceeds $70 million in value. It marked the first ever asset realization using Cadre's platform.

“With a laser focus on our mission, we’re creating a platform that allows people to expand their financial futures. We believe that with technology, we can drive down marginal costs and enable broader access to attractive investment opportunities," said Cofounder Ryan Williams.

“Cadre offers a suite of technology services that helps operators efficiently manage the capital raising and asset management processes. The fact that a billion dollars have already been invested on the platform — and one early investment has already sold at a price that generated attractive returns for its investors — suggests that their value proposition is resonating on both sides of the marketplace,” said Jeff Jordan, general partner at Andreessen Horowitz, in a statement.

The company was notably founded by Williams alongside Jared Kushner, the husband of President Donald Trump's daughter Ivanka, and his brother Joshua Kushner.

Mike Wheatley is the senior editor at Realty Biz News. Got a real estate related news article you wish to share, contact Mike at [email protected].
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