Arrived Homes, the real estate crowdfunding investment platform, announced it has raised $10 million in equity and $27 million in debt financing for a total of $37 million.
This is Arrived's first financing round, let by Core Innovation Capital and including Bezos Expeditions (personal investment company of Jeff Bezos), Good Friends (from the co-founders of Warby Parker, Harry's, and Allbirds), Time Ventures (Marc Benioff's investment fund), Spencer Rascoff (general partner of 75 & Sunny Ventures and former CEO of Zillow), Dara Khosrowshahi (Uber's CEO), and others.
The money is for purchasing new properties, which are rented out to consumers, and expanding the company's headcount.
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