![]() ![]() The rise of alternative investing, from NFT ownership to private equity funds, may trigger more adoption. “This also lets Fractional drive constant engagement on the platform beyond raw transactions and fuel their growth through organic word of mouth instead of aggressive paid marketing,” he said. Image Credits: FractionalĬRV general partner Saar Gur thinks that the social networking layer of Fractional, “where new and experienced investors participate in a symbiotic environment,” is one of its distinguishing factors, according to a statement. Finally, it partners with property management companies and other services to make sure the co-owned homes stay in good shape (without the time commitment from its new co-owners).įractional co-founders Stella Han and Carlos Treviño. Then, it helps facilitate the purchase through legal and financial software services. First, the startup either matches together co-owners or onboards a friend group to kickstart the underwriting process, which blends well with the co-founder’s experience at Affirm. Fractional’s seed round is led by CRV, but includes Y Combinator, Will Smith, Kevin Durant, Goodwater Capital, Unusual Ventures, Global Founders Capital, On Deck, Contrary Capital and Soma Capital.įractional divides the home ownership process into three main parts. It’s also brought millions in early funding to the team: Fractional announced today that it has raised $5.5 million in total funding at a $30 million valuation. The vision has brought over 400 users to its beta, who have gone on to co-invest across 95 properties. It takes out some of the logistical challenges of finding property, and also removes financial barriers by allowing people to put smaller checks into a collective that will then invest into a property. The platform, which participated in Y Combinator’s Winter 2021 batch, helps people co-own investment properties with friends and strangers. The mission of “pay at your own pace” at Affirm clashed with their firsthand experience of the taxing time commitment and high costs that comes with owning real estate a contrast that eventually seeded the idea for Fractional.įractional, a San Francisco-based startup, wants to make real estate ownership more accessible. We have over $1b under management now and are launching a Follow On fund as well for growth to double down in our fastest growing growth stage companies.As teammates at buy now, pay later fintech Affirm, Stella Han and Carlos Treviño bonded over their shared background of growing up in real estate families. We just closed our 3rd seed fund (one of the largest in the world). We’re arguably one of the fastest growing “emerging VC’s” in the world and beginning to get recognition alongside the “greats.” We're a lean team in a fast paced environment - think “startup VC” we’re a fund built by founders for founders. We aim to use the size and scale of our portfolio across all sectors and geographies to accelerate helping closing customers and cross pollinating insights for the next generation of diverse up-and-coming founders. We’ve invested in +20 unicorns now since launching 7 years ago, usually early and often the very first check. We are relentlessly driven to build a 100+ year franchise to seed and double down on the next trillion dollar technology companies that will impact billions of people and push humanity forward. Soma Capital is a multi-stage venture capital fund investing in “software automating the world” across any sector or geography, with an emphasis on B2B SaaS, Fintech and some frontier tech. ![]()
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