Detroit-based tech startup InvestNext raises $600K seed round to democratize real estate investing

InvestNext, the technology company that streamlines fundraising, communication and payout for real estate investors, announced the closing of a seed round of $600,000 to grow its team and online platform. The seed round is led by Detroit Venture Partners and joined by Invest Detroit, Ludlow Ventures, and strategic customers who have become flagship partners for the startup. The Detroit-based startup is leveraging the seed funding to significantly scale its engineering team and add growth-focused roles to the company.

Kevin Heras, CEO and Co-founder, InvestNext: "Real estate investment firms lose tons of time to tedious activities during the lifecycle of a deal, from raising capital to distributing it. Those back-office inefficiencies are even more burdensome for independent syndicators. We empower these firms and entrepreneurs to engage their investment teams, raise and manage capital more effectively, and streamline all that busy work."

InvestNext is positioned to become the go-to management software for private real estate investors. The platform is purpose-built to enable syndicators to easily manage investments, raise capital, centralize key documentation and communication, and automate investor distributions. With a sophisticated CRM and secure personalized portals, sponsors can engage and inform investors with a rich white-labeled interface, streamlining traditionally tedious and inefficient tasks while providing radical transparency.

Kate Hernandez, Partner, Detroit Venture Partners: "Tens of thousands of investors already rely on InvestNext to manage billions of dollars. The InvestNext team has collaborated directly with the marketplace to continually improve and augment the platform, leading to a highly efficient and user-friendly experience. Their determination and industry expertise make them an ideal addition to our portfolio, and DVP is thrilled to be a part of their growth."

Michael Gisi, Co-founder, InvestNext: "We grew from a handful of pilot customers to more than 70 in just 15 months, solely by word of mouth. We realized, we have something here and it's time to turn up the loudspeaker. We're excited to continue perfecting the user experience of our platform and helping more investors leverage the power of real estate."

www.investnext.com