RealBlocks, a technology platform that enables access to alternative investments, announced a $7 million Series A financing round, bringing its total investment amount to $10.7 million. The round was oversubscribed and led by new investor Crosslink Capital, a prominent venture investor based in Palo Alto that manages over $1.8 billion in AUM with a focus on B2B, fintech, and SaaS. The new capital will allow RealBlocks to scale its business development and engineering teams as the company races to meet accelerating customer demand.
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“RealBlocks has assembled the right team and built a fully deployable and turnkey solution that delivers time savings, cost savings and vastly reduced complexity to institutional alternative distribution”
RealBlocks launched in 2019 with the aim of providing open access to alternative investments –– real estate, infrastructure and private equity and debt –– while improving the investment experience for wealth managers, advisors, and investors. Through its blockchain-enabled platform, shares of alternative investment products are digitized and made tradable. This increases liquidity and improves access, which are the two largest barriers preventing mainstream investors from entering the market. The firm’s technology is now utilized by some of the most respected real estate, private equity and alternative investment managers in the world.
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The RealBlocks platform has recently been utilized to create a 40 act tender offer fund that provides financial intermediaries with access to an index fund that was previously limited only to institutions. This has allowed the fund manager to now reach an untapped downstream retail investor segment at a fraction of the cost of competing retail fund strategies.
RealBlocks is now being utilized by RIAs working through the Charles Schwab, Pershing, and Fidelity Platforms including Avestar Capital.
“RealBlocks has been a great partner in helping us invest in an alternative strategy quickly and easily,” said Mark Lebida of Avestar Capital. “Their unique software platform has created tremendous value for our clients by streamlining the processes needed to move them from agreement to execution.”
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