Arrived Homes, a Seattle WA-based real estate investing platform, raised $37M in seed funding and debt financing.
The round was comprised of $10m in equity financing and $27 in debt financing.
The equity round was led by Core Innovation Capital with participation from Bezos Expeditions (the personal investment company of Jeff Bezos), Good Friends, Time Ventures, Spencer Rascoff, Dara Khosrowshahi, Hadi Partovi, Fred Tuomi, PSL Ventures and Neo.
The company intends to use the funds to scale the team and build up its supply of rental homes across the country.
Founded by Ryan Frazier (CEO), Kenny Cason (CTO), and Alejandro Chouza (COO), Arrived is a company with SEC qualified offerings allowing anyone to buy shares in individual rental homes via a real estate investing platform. The company’s system manages end-to-end all elements of the investment experience, from finding the most promising investment properties — based on home appreciation and local rental cash-flow potential — to the management of the day-to-day operations.
To date, Arrived has secured over 30 properties throughout Arkansas, North Carolina, and South Carolina, which are either fully funded or are being prepared to offer to investors.