New funding will enable LEX to accelerate growth of its real estate trading platform and scale product development, marketing, sales, and real estate teams.
LEX Markets, a real estate securities marketplace for all investors, has raised a $15 million Series A financing round led by PEAK6 Strategic Capital, a division of PEAK6 Investments. Other major venture capital investors include Khosla Ventures, Two Lanterns, MUFG Innovation Partners, and Gaingels.
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“This new capital is important for our users, real estate partners, and our team at LEX”
LEX’s mission is to empower wealth creation by solving real estate’s access and liquidity problems. LEX offers investors the ability to own equity shares in specific income-generating properties while giving property owners a new opportunity to find liquidity.
“We are pleased to announce continued growth and investor confidence in LEX’s approach to commercial real estate investing. Our team is more excited than ever to continue on our mission to democratize the $17 trillion U.S. commercial real estate market,” said Drew Sterrett, LEX Co-Founder and Co-CEO.
“PEAK6 Strategic Capital is proud to lead LEX’s Series A funding round that will enable the company to continue to scale its growing business,” said James Baboulas, Vice President of Corporate Development, PEAK6 Investments. “We’re committed to supporting companies building on PEAK6’s commitment to advancing and democratizing the use of digital assets, most notably through its portfolio company, Apex Fintech Solutions, which powers innovation for leading fintechs and their customers.”
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LEX has seen significant investor demand. The platform opened its doors to its over 10,000 waitlisted investors in November 2021. Today, any U.S. investor is able to sign up for a new brokerage account on LEX and start investing in real estate. LEX has overseen two building IPOs, with many more properties in the pipeline.
“This new capital is important for our users, real estate partners, and our team at LEX,” said Jesse Daugherty, LEX Co-Founder and Co-CEO. “The funding will let us grow our engineering, marketing, sales, and real estate teams, to improve our product and bring bigger real estate deals to market faster.”
LEX plans to deploy its Series A capital to scale its activities with property owners and investors by adding new properties to its proprietary platform and marketplace. In this way LEX will expand investment opportunities in its first-of-its kind market for individual real estate investing.
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