Renren Inc. is a major social networking company based in China, while Burger and Kerret are the CEO and CIO of Silverstein Properties. Other participants in the round include Rich Boyle, former Chairman/CEO of Loopnet; Scott Plank, formerly Under Armour; California real estate developer Chris Rising; Ackman-Ziff Real Estate Group; and Berman Enterprises. With this Series A funding, the company aims to expand its offerings to institutional investors interested in real estate, as well as increase its presence in many more cities across the United States. Fundrise was the first real estate crowdfunding site, democratizing real estate investments for both high net worth and small-scale investors by giving people the opportunity to invest as little as $100 per share in things like hotel real estate or apartment buildings. Since its founding, Fundrise members have invested in 30 real estate deals across the country, with nearly $1 million dollars being raised on its platform every week.
