In the recent Series B funding round , Cadre, a New York based Real-estate investment startup has just raised a whopping $50 million.
Co founded by Ryan Williams, Cadre is an online investment portal. The investors in this round included Capital’s Joshua Kushner and his brother, real-estate developer Jared Kushner. They will also act as strategic advisers.
Previously Cadre raised $18.3 million in a Series A round, led by Thrive and General Catalyst. Investors include Yuri Milner, Goldman Sachs, Founders Fund, Alibaba Chairman Jack Ma, the Ford Foundation and Khosla Ventures, among others.
Since the fall of 2014, Cadre has been quietly promoting itself to a select group of investors — institutions, foundations, endowments and high net worth individuals.
While Cadre is still not open with its ‘modus operandi’, the startup bills itself as a matchmaker that ensures clients are paired with the right real-estate deals using proprietary software and its own due-diligence staff.
Since real estate is a big pocket investment, the due diligence on both the sponsors and the properties is key to Cadre’s maintaining both exclusivity and quality, along with a walled-off web site that needs an invitation for entry.
According to Williams, the need of the hour is to have a platform to connect investors with institutional quality real estate outside the prevailing fund model. Cadre is also trying to disrupt the model by charging lower prices.
Cadre currently works across the capital stack on both new and existing transactions.