Crowdfunding site RealtyMogul.com has raised a $35 million Series B financing round led by Sorenson Capital and Canaan Partners, the lead investor in the company’s Series A financing.
The company intends to use this new financing to hire more technologists and data scientists and strengthen its technology platform.
It also plans to expand its geographic presence across the U.S. To date, RealtyMogul.com has already helped fund 240 properties totaling more than $500 million in value.
Over the last 12 months, RealtyMogul.com has grown from 10 employees to 80. It recently hired three top executives away from the commercial lending division of Colony Capital.
“We’re excited to be partnering with Sorenson Capital and Canaan Partners for this next stage of our growth,” said Jilliene Helman, CEO of RealtyMogul.com.