InvestNext announces 8.25M Series A funding led by Whitecap Ventures
InvestNext aims to become the common platform for real estate investment by creating a more efficient platform to go from offer to exit.
DETROIT, March 27, 2023—InvestNext, a rapidly scaling platform that facilitates the entire lifecycle of real estate investments between investors and real estate firms, today announced they have closed an $8.25M Series A round led by Whitecap Venture Partners, with participation from Detroit Venture Partners, Hyde Park Venture Partners, Grand Ventures and ID Ventures.
A Detroit-based company, InvestNext has proven its Midwest credentials by demonstrating its operational and financial strength, raising this investment round in one of the most challenging venture capital environments in recent history after achieving 2.7x growth in 2022.
“The current market is a challenge for many of our customers and across the industry. Our focus is on being a good partner to sponsors on our platform and continuing to make their lives easier through best-in-class technology” says InvestNext CEO, Kevin Heras. “We are on course to become a common platform for real estate investment, and the first step towards that goal is to build trust which happens in the most challenging times.”
“In a short period of time and with little capital investment, the team has built a very robust product that continues to attract real estate funds and their limited partners. They’re an innovative company, taking a simple approach to changing the real estate industry. We are excited to see what 2023 and beyond holds for the InvestNext team” says Shayn Diamond, a partner at Whitecap.
Sponsors on InvestNext currently manage over 60,000 investments and billions of dollars in transactions on the platform every year. By creating a streamlined experience when raising, managing, and transacting capital, InvestNext enables broader market participation – supporting everyone from first-time general partners to established firms managing multi-billion dollar portfolios.
About InvestNext
Detroit-based InvestNext is on a mission to democratize real estate investing. Their product streamlines tedious tasks acting as a centralized source of truth to engage investors, raise capital, report and distribute returns, and more. Its user-friendly platform empowers investors to make a meaningful impact on the communities in which they invest. Learn more at investnext.com.
