Updated:
FundRise Investment
FundRise Investment, co-founded by Ben Miller in 2012, has raised over $2B from 400,000+ investors via a real estate crowdfunding platform.
FundRise Investment
FundRise launched in 2012 under the JOBS Act, which relaxed securities regulations and enabled crowdfunding. Ben Miller, a former lawyer and real estate investor, created the platform alongside his brother Dan Miller. The firm's initial focus was on allowing small-dollar investors to access commercial real estate deals that historically required accredited status. FundRise allocates across real estate equity, real estate debt, infrastructure, and venture capital. The platform structures investments as funds or individual properties, targeting value-add and opportunistic returns. Notable portfolio investments include the FundRise flagship Growth eREIT and the Innovation Fund, which holds stakes in private tech companies like SpaceX, Reddit, and OpenAI. Geographic coverage spans 30+ US states, with additional exposure via international strategies. The firm has raised over $2B in total investment volume as of 2024, sourced from more than 400,000 individual investors. FundRise maintains its own technology stack for investor onboarding, reporting, and secondary trading via the FundRise Secondary Market. In April 2024, the firm launched a series of interval funds for retirement account investors, expanding its target market beyond accredited investors. FundRise sits at the intersection of fintech and real estate—its structural differentiator is its direct-to-investor distribution model. Rather than charging carried interest on individual deals, the firm aggregates investor capital into funds and charges management fees plus a streamlined expense structure, making it accessible to a lower minimum ticket size than any traditional real estate fund.
General information
Firm type
Asset Manager
Year founded
2012
AUM
Undisclosed
Location
Region
North America
Country
United States
City
San Francisco
Corporate office
San Francisco, CA, United States
Additional offices
Atlanta, GA, United States · Palo Alto, CA, United States · Los Angeles, CA, United States · Dallas, TX, United States · Oakland, CA, United States · Beverly Hills, CA, United States · Hangzhou, China
Principals
Ben Miller
Co-Founder & CEO
Dan Miller
Co-Founder
Sector focus
Frequently asked questions
Who runs investment decisions at FundRise?
Ben Miller, co-founder and CEO, oversees strategy and capital allocation. The firm's investment committee includes senior leadership from real estate and technology functions, though specific members are not publicly named.
How does FundRise source deal flow?
FundRise sources deals through a combination of proprietary origination, partnerships with local developers and operators, and its technology platform that aggregates investor demand. The firm underwrites each opportunity before offering it on its marketplace.
What investment stages does FundRise typically target?
FundRise invests primarily in value-add and opportunistic real estate, with a focus on income-generating properties and development projects. The platform also offers debt funds and venture capital through its Innovation Fund, which targets late-stage startups.
Is FundRise structured as a family office or an asset manager?
FundRise is a for-profit asset manager and fintech platform, not a family office. Its ownership structure is not publicly disclosed, but it has raised venture capital from institutional sources including earlier rounds led by Citi Ventures.
Does FundRise only invest in real estate?
No, FundRise has expanded into venture capital through its Innovation Fund, which holds stakes in SpaceX, Reddit, and OpenAI. The firm also operates a private credit strategy focused on real estate debt.
What is minimum investment for FundRise products?
The minimum investment for most FundRise funds is $500 for non-accredited investors, though some products have a $1,000 minimum. Retirement account investments are also available with low minimums.
How does FundRise generate revenue?
FundRise charges management fees on its funds—typically 1% annually on assets under management—and does not charge performance fees on individual deals. The firm also earns interest on cash held in investor accounts.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
Need institutional-grade insight on family offices?
Altss delivers:
Prefer a guided tour?
We’ll walk you through: