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June 24, 2021
New real estate platform Arrived Homes recently announced $37 million in seed funding and debt financing. Core Innovation Capital arranged the first round of financing from sources including Bezos Expeditions (the investment company of Jeff Bezos), Time Ventures (the investment fund of Marc Benioff, of Salesforce) and Spencer Rascoff (the former CEO of Zillow). Arrived was founded here by Ryan Frazier, Kenny Cason and Alejandro Chouza. The startup that allows investors to buy SEC qualified shares in rental homes. The company says it has to date bought over 30 properties throughout Arkansas, North Carolina, and South Carolina. CEO Frazier said in a statement, “With Arrived, we're breaking down the barriers to investing in rental homes, by taking a process that typically takes months and making it accessible in less than four minutes, starting from just $100. We're really passionate about the opportunity to help millions of people better access this historically great asset class.”