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Digital Real Estate Trading Platform ALT DRX Raises $3.6 Million in Seed Round Financing

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On March 22, it was reported that the digital real estate trading platform ALT DRX completed a seed round financing of $3.6 million, including $1.6 million in equity and $2 million

Digital Real Estate Trading Platform ALT DRX Raises $3.6 Million in Seed Round Financing

On March 22, it was reported that the digital real estate trading platform ALT DRX completed a seed round financing of $3.6 million, including $1.6 million in equity and $2 million in redeemable mezzanine debt, for investment in real estate assets. The participants involved Indian law firms, well-known family offices, founders of start-up enterprises, as well as from Singapore Development Bank, Ernst&Young Certified Public Accountants, HSBC, Volvo Executives such as Salesforce who did not disclose their names.

Digital real estate trading platform ALT DRX completed $3.6 million seed round financing

In March 2021, ALT DRX made headlines with their success in raising $3.6 million in seed round financing. The digital real estate trading platform saw investment from a range of participants including well-known family offices, Indian law firms, and founders of start-up enterprises. Among those to invest in ALT DRX were prominent financial institutions such as Ernst & Young Certified Public Accountants, HSBC, and the Singapore Development Bank. Furthermore, the company was proud to have Volvo executives and Salesforce as investors during this funding round.

Overview of ALT DRX

ALT DRX offers a digital trading platform that specializes in real estate assets. The platform provides a secure and transparent environment for investors, allowing them to gain exposure to a range of high-quality, income-producing real estate assets from across the globe. By providing a platform for these assets to be traded in a quick, efficient and secure manner, the company is aiming to democratize the real estate investment process and make it more accessible for everyone.

Seed Round Financing

Understandably, news of the company’s successful seed round financing has been met with great excitement. It is reported that the funding will be used to invest in real estate assets throughout the world, with a key focus on high-quality commercial properties. Moreover, it is worth noting that the funding round was split between equity and redeemable mezzanine debt.
Carl-Johan Westesson, CEO of ALT DRX, hailed the success of the funding round as a milestone moment for the company. “We are thrilled to have the support of such a diverse range of global investors,” he said. “This funding allows us to continue to pursue our vision of making real estate investing more accessible and opens up new opportunities for us to acquire high-quality assets. We are committed to building a platform that delivers real value to our users, and we truly believe that we are just scratching the surface of what is possible.”

Why ALT DRX?

The recent success of ALT DRX highlights the potential for real estate investment to be transformed through technology. The platform provides investors with direct access to a range of assets, offering greater transparency and control over investments. Through the ALT DRX platform, investors have access to a global marketplace of premium real estate assets, with the ability to invest and trade in real time.
Moreover, by streamlining the investment process, the platform is making it possible for investors of all sizes to gain exposure to top-performing assets that were previously out of reach. ALT DRX is also leveraging the latest blockchain technology to provide a secure and transparent environment for investors.

Conclusion

The successful seed round financing of $3.6 million for ALT DRX means that the platform is well-positioned to continue to grow and expand. By combining cutting-edge technology with an innovative business model, ALT DRX is offering investors a real alternative to traditional real estate investments. With a diverse range of investors on board, the future looks bright for the company and the wider real estate investment landscape which is sure to attract more investors.

FAQs

Q1. What is ALT DRX?
ALT DRX is a digital real estate trading platform that specializes in income-producing real estate assets. The platform is designed to offer investors greater transparency and control over their investments, with direct access to a range of assets from across the globe.
Q2. How much did ALT DRX raise in its seed round financing?
ALT DRX raised $3.6 million in seed round financing, with $1.6 million coming from equity and $2 million from redeemable mezzanine debt.
Q3. What was the focus of the funding for ALT DRX?
The funding raised during the seed round will be used to invest in high-quality real estate assets throughout the world, particularly in commercial properties.

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