Yieldstreet, a New York-based digital investing platform, announced that it has raised US$100 million during a Series C funding round.
Tarsadia Investments, led the round, joined by Kingfisher Investment, Top Tier Capital Partners and Gaingels.
Existing investors, Edison Partners, Soros Fund Management, Greenspring Associates, Raine Ventures, Greycroft and Expansion Venture Capital also participated.
The firm said that it will channel the new funding to expand its user base, develop new investment products, explore international expansion, and pursue strategic acquisitions.
Yieldstreet was founded by Milind Mehere and Michael Weisz to digitally transform and democratise access to alternative investments, historically the near-total domain of the ultrawealthy and institutional investors.
With the diversification opportunity offered by the Yieldstreet platform, retail investors can now modernise their digital portfolios across multiple asset classes and strategies.
“We’re on the brink of the greatest wealth transfer in history as Baby Boomers pass the torch to new generations. The consumer has changed, yet the tools and infrastructure in wealth management haven’t kept pace.
It’s a new world—a mobile-first digital one—so we’ve created a platform to eliminate the built-in friction points to better connect with consumers wherever they are, help educate and provide access to investments to fuel their life goals.”
said Milind Mehere, CEO and Founder of Yieldstreet.
Featured image: (L-R) Milind Mehere, CEO and Founder of Yieldstreet and Michael Weisz, President, Chief Investment Officer, and Founder of Yieldstreet
This article first appeared on fintechnews.ch