Real Estate Crowdfunding Startup Realty Mogul Raises $9M

TechCrunch

Realty Mogul , a site that allows accredited investors to collectively back real estate projects, is announcing that it has raised a $9 million Series A led by Canaan Partners.

The startup launched a year ago, and in its first year it says 6,000 members invested $14.6 million in real estate projects worth more than $100 million.

Co-founder and CEO Jilliene Helman told me that increasing the number of investments available on the site is one of her main goals for 2014. She added that in some ways, Realty Mogul inverts the traditional benefits of crowdfunding.

“A lot of people, when they talk about crowdfunding, they talk about democratization of access to capital,” Helman said. “We think about it very differently — we think about it as democratization of access to dealflow.”

That democratization only goes so far, at least for now. As mentioned above, you need to…

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