Los Angeles–based blockchain venture capital fund Draper Goren Holm announced the firm’s newest portfolio company: AKRU. The Southern California venture firm led by Tim Draper, Alon Goren and Josef Holm has invested an undisclosed amount in the real estate investing platform.
AKRU is headquartered in Cincinnati and provides an opportunity for users to invest in premium commercial real estate with as little as $1,000. It allows asset owners access to a broad pool of investors, and it allows wealth managers to further diversify their investment portfolios. By offering fractionalized investments, the platform is working toward tackling and transforming long-held real estate issues such as illiquidity of assets, bureaucratic hurdles, expensive middlemen and lack of available data and transparency.
The company launched in 2018 and has raised $650,000 in a friends and family investor round and has recently announced its series seed with a goal of raising $2.2 million.
