Real estate tokenization platform RedSwan CRE is raising preferred equity capital on SeedInvest seeking up to $5 million in funding.
The securities are being issued under both Reg CF and Reg D so it is open to both accredited and non-accredited investors. The “tiered preferred equity” or SWIFT or simple weighted incentive for time, means that early investors benefit from a bigger discount. The pre-money valuation of the seed round is $55 million. The Proptech has previously raised over one million dollars in earlier seed rounds
According to the offering page, RedSwan CRE reports that it has already tokenized more than $2 billion worth of commercial real estate.
Founded in 2018, RedSwan wants to change real estate investing leveraging blockchain technology enabling smaller investors to access to commercial real estate investment opportunities. Currently serving accredited US investors as well as international investors, the company says “members” have grown by 260% in the last year.
Currently in development is a secondary marketplace where tokenized real estate assets may be traded thus creating a path to liquidity. RedSwan says they are currently in discussion with “digital asset exchanges” to connect trading.
RedSwan CRE was founded by Ed Nwokedi, Don Oparah, and Roy Malkin. Nwokedi has 17 years of experience working for Colliers and Cushman and Wakefield. Malkin has worked in tech and has several exits under his belt. Oparah has participated in over 20 different startups and was founder and Director of The Venture Accelerator at UC Santa Barbara.
As of today, the securities offering has raised over $420,000 with a minimum of $1000.
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