InvestNext Completes $15 Million Series B Funding to Innovate Real Estate Investment Management Solutions

InvestNext Secures $15 Million in Series B Funding

InvestNext, a prominent real estate investment management platform based in Detroit, has successfully completed a $15 million Series B funding round. This initiative, led by Beringea, marks a strategic effort to enhance and expand the platform's capabilities, addressing the growing regulatory complexities and demands from investors.

The CEO and Co-Founder, Kevin Heras, emphasized the urgency for firms to be equipped to scale efficiently, adapt to an increasingly sophisticated base of limited partners (LPs) and capital partners, manage risks, and ensure compliance with the SEC and other regulatory requirements. The funding will be crucial in enabling InvestNext to build a more interconnected platform for real estate private capital, aiming to offer the same level of access and transparency to private markets that investors typically enjoy in public markets.

Founded with the mission to help real estate investment professionals raise and manage capital more effectively, InvestNext has made a name for itself by simplifying complex workflows that practitioners face. These include managing investor subscription documents, ensuring secure payments, overseeing waterfall distributions, automating capitalization table management, and disseminating K-1 tax forms. Since its inception, the platform has helped streamline the capital raising process, providing greater accuracy for General Partners, Finance Leaders, Compliance Officers, and Investor Relations teams.

As of now, InvestNext supports over 1,600 General Partner clients, managing access to more than 70,000 global investors across 105,000 active investments. The company boasts an impressive 96% customer retention rate, indicative of its commitment to providing exceptional value and nurturing lasting relationships with its clients. Despite the challenging landscape of tech and real estate in recent years, InvestNext has continued to thrive, driven by the founders' belief in stable and scalable growth. Their approach to this Series B funding was significantly influenced by this principle.

Co-founder and Chief Product Officer Matthew Attou shared insights on the company's values, underscoring that many clients choose InvestNext not merely for its products but also due to a shared alignment in values and operational principles. This funding round has further established that alignment with investors.

The partnership with Beringea is viewed as a critical juncture in InvestNext's growth trajectory, yet the company's focus on innovation and development remains unwavering. As a product-centric entity, InvestNext is dedicated to enhancing compliance and providing secure investments, positioning itself to tackle the increasing regulatory scrutiny in real estate effectively.

Ben Bernstein, Principal at Beringea and an incoming director on InvestNext’s board, remarked on the platform's empowering nature for key stakeholders, facilitating a more efficient workflow and stronger connections with investors.

The company's success is reflective of its dedication to transparency, innovation, and tackling the pressing challenges within the real estate investment management sector. The funding will allow InvestNext to broaden its capabilities, introducing new tools geared towards aiding General Partners in compliance, capital raising, and investor engagement.

Further investments and a continuous focus on technological advancements will enable InvestNext to create a future-proof platform that empowers real estate investment firms to expand with assurance.

InvestNext is committed to staying ahead of industry trends while ensuring its clients receive unparalleled support, adapting to their evolving needs. Those interested in the platform can book a demo to explore its potential fit for their investment strategies.

For additional information on InvestNext’s offerings or to learn about upcoming developments, visit investnext.com.

About InvestNext

InvestNext is an innovative real estate investment management platform designed for efficient capital raising and investor management. Utilizing advanced technology for fundraising, compliance tracking, and financial automation, InvestNext enables real estate investment funds and syndicates to optimize operations and foster robust investor loyalty. With a workforce spanning the U.S. and Canada, the platform is trusted by over 1,600 general partners and manages investments from approximately 70,000 investors.

About Beringea

Beringea is a venture capital firm that supports entrepreneurs in the U.S., U.K., and Europe, aiding them in building successful businesses. With a management portfolio exceeding $715 million, Beringea has cultivated a broad network across the technology and investment sectors over its three-decade existence.

About Whitecap Venture Partners

Whitecap Venture Partners is a Canadian venture capital firm focused on lead investments in early-stage fintech and health technology opportunities. With an extensive history of investing, they provide comprehensive support to portfolio companies beyond capital.