$2 million equity private placement is initiated by DreamFunded Real Estate

XDATA – June 12th 2017
A $2 million non-brokered equity financing round is being launched by DreamFunded Real Estate. The placement is structured to close in June 2018 should the fundraising target not be reached. The company didn’t report selling securities thus far. This is the first time the company is filling a security offering under a registration exemption with the SEC.
DreamFunded Real Estate markets a funding portal for accredited and non-accredited investors to invest in real estate properties. The company is related to DreamFunded which raised a few funds DreamFunded Diversity Fund 1, DreamFunded TaskRabbit and DreamFunded.com Fund 1.
DreamFunded Real Estate, registered in 2017, is headquartered in San Francisco CA. It is led by Manny Fernandez (CEO). The company reported having no revenues.
Offering recap
Status: Launched
Company: DreamFunded Real Estate
Industry: Other Technology
Amount offered: $2 million
SEC filing: Source
Data as of: 06-12-2017
Similar transactions
2017-04 $1 million unregistered debt financing and first close reported by GROUNDFLOOR
2017-02 First close initiated by FundPaaS after raising 10% of its $500,000 target
2017-01 Bazean files offering’s details after placing 35% with investors
2016-11 New $10 million debt offering launched by SureFunding
2016-10 An additional $1.88 million subscribed for Farmfolio’s equity issuance
Change: offered +0% / raised +500% / placed 87%

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s