Jared and Joshua Kushner’s real estate start-up Cadre has raised $65 million in Series C funding.
Venture capital firm Andreessen Horowitz led the funding round, with contributions from Jim Breyer of Breyer Capital, the Ford Foundation, General Catalyst, Goldman Sachs, Khosla Ventures, and Thrive Capital. According to Cadre, it will use the funding for its national expansion and the growth of its team.
“We welcome Andreessen Horowitz as investors and look forward to a great partnership as we continue to scale Cadre,” said CEO and Co-Founder Ryan Williams. “With a laser focus on our mission, we’re creating a platform that allows people to expand their financial futures. We believe that with technology, we can drive down marginal costs and enable broader access to attractive investment opportunities.”
Cadre was launched two years ago. Its goal is to make it easier for investors to conduct due diligence before deals. The platform uses data to analyze individual assets and identify trends. In January of last year, the firm raised $50 million in Series B financing.
The firm recently sold a four-building portfolio in Astoria, Queens for about $70 million. Its existing backers include DST, Founders Fund, SL Green and Alibaba Chairman Jack Ma. Earlier this this year, former Vornado CEO Michael Fascitelli was named chair of the firm’s investment committee.