Extrance Announces Closure Of Seed Funding
12/08/21, 8:34 AM
Location
minneapolisRound Type
seed
EXtrance, a tech startup serving primary sponsors and their investors in commercial real estate limited partnerships, announced the closure of their seed round of funding. After raising $850K, the principal of which was a pre-IPO investor in Apple, MasterCard, Amazon, and Control Data, it has opened up an additional $150K round for strategic partners. Throughout 2021, EXtrance raised capital to develop an all-in-one investment management platform with AI integration, machine learning, and blockchain technology to automate back and middle office functions and facilitate commercial real estate investments.
Company Info
Location
minneapolis, minnesota, united states
Additional Info
EXtrance is a commercial real estate investment platform with notable AI features, machine learning, and blockchain integrations to create a broker-dealer network that allows for 1031 exchanges, equity swaps, and early exits. While still in development, it promises to solve many common commercial real estate investment challenges.