YieldStreet Raises $113 Million in Financing

Alternative investment platform YieldStreet announced that it has closed $113 million in financing. The round includes $12.8 million of Series A equity financing, co-led by Greycroft and Raine Ventures, as well as a revolving credit facility of $100 million from a New York-based family office. Additional equity investors include Saturn Ventures, Expansion Venture Capital, the Family Office and FJ Labs.

YieldStreet aims to change the way wealth is created by providing access to asset-based investments historically unavailable to most investors. The company’s platform allows people to participate in investment opportunities with low stock market correlation and target yields of 8-20%, across litigation finance, real estate and other alternative asset classes. YieldStreet believe that its technology platform creates a unique experience for investors at every level and provides valuable diversification and strength to portfolios.

The equity capital will allow YieldStreet to invest in further product innovation and to expand its community of investors.