Yieldstreet raises $100m
Digital alternative investing platform Yieldstreet has raised $100 million in a Series C funding round led by Tarsadia Investments.
YieldStreet gives individuals access to the kind of alternative investments – such as real estate, marine and shipping, legal finance, and commercial loans – normally reserved for institutions.
Since its founding in 2015, the firm has funded over $1.9 billion of investments. Both investment requests and new investors have surged through May of 2021, each up over 250% over 2020.
The new funding will be used expand its user base, develop new investment products, explore international expansion, and pursue strategic acquisitions.
Milind Mehere, CEO, Yieldstreet, says: “It’s a new world—a mobile-first digital one—so we’ve created a platform to eliminate the built-in friction points to better connect with consumers wherever they are, help educate and provide access to investments to fuel their life goals.”