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$1 million unregistered debt financing and first close reported by GROUNDFLOOR
XDATA - April 4th 2017
GROUNDFLOOR disclosed being in the market to raise $1 million via debt issuance. Apparently 53% or $525,000 has already been subscribed by four investors. The non-brokered placement started almost two weeks ago. $475,000 in additional funding can be raised before March 2018 based on the placement's structure. A total of five unregistered securities offerings closed by the company raised an estimated $10.65 million.
GROUNDFLOOR markets and develops an investment platform for people to invest in small real estate projects offered by developers for as little as $100. The platform offers a listing of mostly single and multi-family properties to be remodeled and sold. The company is an alumnus of Bandwidth Labs.
The company is headquartered in Atlanta Georgia. GROUNDFLOOR kept its revenues undisclosed.
The executive team includes Brian Dally and Nikhil Bhargava.
The board of directors includes Bruce Boehm, Michael D Olander, Richard Tuley and Sergei Kouzmine.

The company has raised an estimated total of $11.17 million via private unregistered security offerings.
Offering recap
Status: First close
Company: GROUNDFLOOR
Industry: Other
Amount offered: $1 million
Amount placed: $525,000
SEC filing: Source
First sale: 03-24-2017
Data as of: 04-03-2017
Similar transactions 2015 Map: Platform Category
2017-10-04 Roofstock reports the successful completion of its equity issuance
2017-09-28 An additional $633,000 subscribed for Energy Funders' equity issuance
Change: offered +0% / raised +178% / placed 86%
2017-09-06 SmashFund placed $25,000 with one investor
2017-06-15 CleanCapital files for first close after raising 61%
2017-06-12 $2 million equity private placement is initiated by DreamFunded Real Estate
Largest Transactions by Amount Raised : Capital $, Marketplace Products
 Entity NameOffer Date $ SoughtDelta $ Sought$ RaisedSecurity OfferedIndustryFiling Type/
SEC Source
 Airbnb2015-07-141,499,937,9041,499,937,9041,499,937,904EquityOther Technologyoriginal
 Teays River Investments2015-07-011,175,000,0001,175,000,0001,175,000,000OtherAgricultureoriginal
 SoFi2015-09-251,000,000,0001,000,000,0001,000,000,000OtherOther Banking and Financial Servicesoriginal
 Airbnb2016-07-28555,462,180555,462,180555,462,180EquityOther Technologyoriginal
 Navitas Midstream Partners2014-05-23500,000,000500,000,000500,000,000EquityOil and Gasoriginal
All dollar amounts are derived from filings lodged with the SEC by the company under current and previous names.
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