InvestNext, a Detroit-based real estate investment management platform, has successfully completed its $15 million Series B funding round. The investment, led by Beringea, is part of a strategic move to evolve and expand the platform to help firms navigate increasing regulatory complexities and investor demands.
“Amid increasing regulatory scrutiny and a real estate capital market that is more accessible than ever, it is crucial for firms to be equipped to scale efficiently, adapt to a growing base of sophisticated LPs and capital partners, and navigate risk while maintaining compliance with the SEC and other regulatory frameworks,” said Kevin Heras, co-founder and CEO of InvestNext. “This funding enables us to continue building the connected platform for real estate private capital and deliver the same level of access and transparency to private real estate markets that investors have in public markets.”
InvestNext is designed to expedite capital raising and ensure greater accuracy in the work of general partners, finance leaders, compliance officers and investor relations teams. Since its inception, InvestNext has focused on building fully digital solutions to the most complex and nuanced workflows in real estate investing, including investor subscription documentation and accreditation, secure payments, waterfall distributions, automated cap table management and K-1 disseminations.
With personnel across the U.S. and Canada, InvestNext has over 1,600 GP clients, helping them manage over 70,000 global investors across 105,000 active investments. The company also boasts a 96% customer retention rate.
“The InvestNext platform is not just innovative — it’s empowering key stakeholders like general partners, finance leaders, compliance officers, and investor relations teams to work more efficiently and develop stronger ties with their investors,” said Ben Bernstein, principal at Beringea and incoming InvestNext board director. “That’s the kind of transformational solution we’re excited to support as it scales to meet increasing demand in the real estate investing space.”
