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Concreit is a Seattle, Washington-based financial technology platform that enables everyday individual investors to access professionally managed private real estate funds through a mobile application. The platform focuses on generating passive income through lower-risk fixed-income residential and commercial real estate first-lien mortgages, allowing retail users to invest with a minimum of $1. As of late 2021, the company had amassed over 18,000 active customers and offered an annualized return of 5.47% on its primary investment fund. The enterprise secured $6 million in seed funding in September 2021, reaching a $22.5 million post-money valuation in a financing round led by Matrix Partners, with additional backing from Hyphen Capital, Unlock Venture Partners, and Betterment CEO Jon Stein. Concreit was originally founded in 2019 by former Flowroute technology entrepreneurs Sean Hsieh, Jordan Levy, and Rui Maximo.
Concreit has raised $7.0M across 2 funding rounds.
Concreit has raised $7.0M in total across 2 funding rounds.
Concreit has raised $7.0M in total across 2 funding rounds.
Concreit's investors include Dana Stalder, ACME Capital, Canaan Partners, Catapult Capital, Human Augmentation Syndicate, Matrix, Quiet Capital, Second Century Ventures, Unlock Venture Partners, Aayush Phumbhra, Jonathan Swanson, Sam Shank.
Concreit has raised $7.0M across 2 funding rounds. Most recently, it raised $6.0M Seed in September 2021.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Sep 1, 2021 | $6M Seed | Dana Stalder | ACME Capital, Canaan Partners, Catapult Capital, Human Augmentation Syndicate, Matrix, Quiet Capital, Second Century Ventures, Unlock Venture Partners, Aayush Phumbhra, Jonathan Swanson, SAM Shank, Shervin Pishevar, YAN David Erlich, Andy LIU, BEN Elowitz, JON Stein, Hyphen Capital | Announced |
| Apr 15, 2019 | $1M Venture Round | Andy LIU | — | Announced |
Concreit is a Seattle-based technology company that offers a mobile app enabling everyday investors to access professionally managed real estate investment funds with as little as $1. The platform democratizes real estate investing by opening up strategies traditionally reserved for the wealthy 1%, allowing users to build wealth through fractional real estate investments with weekly dividend payouts and on-demand withdrawals. Concreit serves individual investors seeking passive income and portfolio diversification, focusing on ease of use, transparency, and financial goal-setting. The company has demonstrated growth momentum, raising $6 million in funding and attracting tens of thousands of clients with a highly rated app and a real estate fund delivering an annualized return of approximately 5.47% over one year[1][3][5].
Concreit was co-founded by Sean Hsieh, Jordan Levy, and Rui Maximo. Sean Hsieh, previously the founder of the VoIP company Flowroute, conceived Concreit after selling his prior business and seeking to diversify his portfolio through private commercial real estate. The idea emerged from a desire to democratize access to real estate investing, which is often limited to wealthy individuals and institutions. The company launched its app after more than a year of development and secured early funding from Unlock Venture Partners and other investors, including Matrix Partners and Hyphen Capital. This founding team combines experience in technology, blockchain, and financial services, which helped Concreit gain early traction and credibility[1][4].
Concreit rides the trend of *democratizing alternative investments* through technology, leveraging mobile platforms to open access to asset classes like real estate that have traditionally been exclusive. The timing is favorable due to growing retail investor interest in fractional ownership, the rise of fintech apps, and a broader shift toward passive income strategies amid economic uncertainty and inflation concerns. By simplifying real estate investing and providing frequent payouts, Concreit addresses market demands for liquidity and transparency in private markets. Its influence extends to expanding financial inclusion and reshaping how real estate investment trusts (REITs) and private funds engage with retail investors[1][3][4].
Looking ahead, Concreit is positioned to capitalize on increasing retail demand for alternative investments and the ongoing digitization of financial services. Future growth may come from expanding asset offerings, enhancing automated investment features, and deepening personalized financial planning tools. Trends such as inflation hedging, passive income seeking, and fractional ownership will likely shape its trajectory. As Concreit scales, it could further disrupt traditional real estate investment models by continuing to lower barriers and increasing transparency, potentially influencing broader adoption of fractional real estate investing globally. This aligns with its mission to level the wealth-building playing field by making real estate investing accessible, simple, and rewarding for all[4][5].
