logo
logo

Extrance Announces Closure Of Seed Funding

Dec 08, 2021•over 3 years ago

Round Type

seed

Minneapolis

Description

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 Information

Company

E Xtrance

Location

Minneapolis, Minnesota, United States

About

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.