Casa Shares has raised $1.5 million in funding at a $10 million valuation. The round was raised by a group of private investors. The names of the investors have not been disclosed.
Founded by former Oracle employee Mirza Beg and real estate developer McKay Francis, Casa Shares is a Rexburg, Idaho-based real estate tech startup that provides its users with an easy, app-driven crowd-funded method of investing into real estate. Users may use the Casa Shares app to acquire shares in prime income properties within minutes.
Beyond providing a platform, Casa Shares also manages real estate properties, offering investors the chance to earn passive income and benefit from property appreciation, all while sidestepping the typical hurdles of real estate investment.
CEO and co-founder of Casa Shares, Mirza Beg, said, “Casa Shares unlocks access for everyone to invest in real estate properties, and especially younger individuals that have in large part been excluded from real estate wealth-building due to skyrocketing property prices. Casa Shares aims to dismantle these barriers, offering an inclusive investment experience that is both accessible and engaging for all.”
He added,
“The quest for stable, inflation-resistant investment options has become more pronounced in the face of recent fluctuations in the crypto and equity markets. Real estate stands out as a coveted alternative, yet high entry costs remain a significant deterrent for many, especially first-time investors. Casa Shares is dedicated to democratizing real estate investment, making it feasible for millions without the requisite funds, time, or knowledge to venture into property investment independently.”
The company cites a DataHorizzon Research report showing the real estate crowdfunding investment market growing from $10.7 billion in 2024 to $300.7 billion by 2032, with a 44.9% CAGR. The report suggests that this rapid expansion is being propelled by a societal shift towards convenience, diversified assets, and location freedom.
Casa Shares has released their first real estate offering, The Lorene, a premium condominium in Rexburg, Idaho, where the company is headquartered.
The company plans to broaden its portfolio with diverse properties and locations. In the second half of 2024 the company will release its iOS app.
