A serial entrepreneur who’d taken an enterprise software business to Nasdaq listing in seven years talked to several eager venture capitalists about his new venture in AI-powered real estate investing.
But the company, ReAlpha Tech Corp., is now trying to raise $75 million the hard way – as little as $1,000 at a time. Launched in late September, the Dublin startup is using Regulation A of the 2012 Jobs Act to sell $10 shares in a “mini-IPO.” Investors are buying into a portfolio of properties the company will buy, renovate and manage as vacation listings on Airbnb. Eventually individuals will be able to buy fractional shares in individual properties.
“The whole point is simply that it’s not easy. We love challenges,” said Christie Currie, ReAlpha’s chief marketing officer. “It’s more important for us to create community; we value democratizing investing.”
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Story excerpt provided by Columbus Inno.
Written by Carrie Ghose.
Originally published November 3, 2021.