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Realty Mogul, the Santa Monica-based real estate crowdfunding site, announced a $35 million series B round this morning.
The funding was led by Sorenson Capital with participation from Canaan Partners, a previous investor. This is their first funding round since June 2014, bringing their funding total to $46 million since they launched in 2012.
Co-founder and CEO Jilliene Helman has capitalized on a lucrative niche in the real estate world, allowing accredited investors to crowdfund and buy shares of pre-vetted investment properties.
Realty Mogul’s most recent reports state that the company has grown from 10 to 80 employees in the past year and has funded 240 properties for an estimated total of $500 million since their inception.
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