Yieldstreet eyes acquisitions following an impressive raise of $100 million in a Series C round of funding. The company provides a platform that makes alternate investments in sectors like legal finance, real estate, shipping and others effortless. The current funding round was led by the former E*TRADE CEO of Tarsadia Investments, Mitch Caplan. The round had participation from Top Tier Capital Partners, Kingfisher Capital and Gaingels. Many existing backers also participated bringing the total raised to $278.5 million since its 2015 inception.
The company is headquartered in New York City and has offices in Brazil, Greece, and Malta. So far, Yieldstreet has funded nearly $1.9 billion on its platform. The total consumer signups amount to about 300,000 consumers on the same platform. Not just this, the investor base of Yieldstreet has climbed by 350% since February 2019. This surge is growing exponentially ever since then. Milind Mehere and Michael Weisz, the co-founders of Yieldstreet informed us that the company is planning to go public via SPAC (Special Purpose Acquisition Vehicle). They even highlighted that the public markets would be great for the company as they will provide the much-needed visibility for improving consumer growth. Furthermore, it provides an access to equity needed to pursue growth strategies such as potential acquisitions.
In the future, Yieldstreet aims to provide consumers the access to invest in asset classes outside of the stock market. Along with this, the company even plans on providing investor education to educate the consumers before they invest their money. Along with this, the company even plans on providing investor education to educate the consumers before they invest their money. The information will be imparted in the form of content like articles, blog posts, or infographics.
As informed by Yieldstreet, the current capital raise will be used to expand the company’s user base. They even intend to invest more in the development of new investment products and explore international expansion. The company has expressed its intention to pursue strategic acquisitions.