Arrived, a pioneering platform in fractional real estate investing, has successfully secured $27 million in new funding and simultaneously unveiled the Arrived Secondary Market. This innovative marketplace allows investors to seamlessly buy and sell shares of individual rental homes across the United States with just a few clicks.
Since its inception, Arrived has garnered a substantial following, with more than 850,000 investors contributing over $300 million into a diverse portfolio of more than 550 properties spread across 65 cities. In a significant early indicator of market activity, the first three weeks of trading in the Arrived Secondary Market have witnessed investors placing over 57,000 buy and sell orders.
Ali Partovi, co-founder of Code.org and managing director of Neo, expressed his enthusiasm for Arrived’s vision. “I love the audacity of the Arrived vision: a stock market for real estate,” he commented, highlighting his belief in the platform’s potential to democratize access to the vast $50 trillion residential real estate market in America.
The Secondary Market introduces a peer-to-peer matching system that enhances the investment experience by allowing users to buy and sell shares of rental properties directly from one another. This feature offers investors greater flexibility, enabling them to exit or expand their positions in minutes rather than the prolonged timelines typically associated with traditional real estate transactions. Additionally, the system provides transparent pricing, ensuring that investors can make informed decisions, along with seamless digital transactions.
The recent funding round was steered by Neo and included contributions from Forerunner Ventures, Bezos Expeditions, Core, and other strategic stakeholders, elevating the total capital raised by Arrived to more than $60 million. Notable existing investors in the platform include influential figures such as Marc Benioff, Spencer Rascoff, and Dara Khosrowshahi.
Ryan Frazier, co-founder and CEO of Arrived, articulated the company’s forward-looking vision: “We believe real estate investing is going to move online. Our vision is a future where real estate investing feels just like investing in public companies — where anyone can buy and sell shares of properties in minutes, not months.” This groundbreaking approach positions Arrived at the forefront of a rapidly evolving investment landscape, where technology and real estate converge to create new opportunities for everyday investors.
