Princeton, N.J.–based investment firm Edison Partners has led a $62 million investment in a series B round of funding for New York City–based digital wealth management platform YieldStreet.
YieldStreet will use the funds to introduce new investment offerings, expand investor access and increase retail investor education and engagement.
YieldStreet provides a platform for making alternative investments in areas such as real estate, marine/shipping, legal finance, commercial loans and other opportunities that in the past were only open to institutional investors.
Other investors include Greenspring Associates, Raine Ventures and a large multibillion-dollar New York family office.
To date, YieldStreet has seen more than $600 million invested on its platform from more than 100,000 members, with an expected 12 percent IRR and more than $300 million in principal and interest payments made to its investors.
