The company, a 2018 graduate of the Advanced Technology Development Center’s financial technology (FinTech) portfolio, also announced that it more than doubled its year-over-year revenue in the second quarter.

The new capital brings the company’s total fundraising to $18.3 million. Consistent with GROUNDFLOOR’s mission of leveling the playing field in private capital markets, the company met its goal of achieving 20 percent ownership by individual investors, 3,160 of whom now own shares. To date, GROUNDFLOOR remains the only company qualified by the U.S. Securities & Exchange Commission to offer direct real estate based debt investments to non-accredited investors and accredited investors alike.

“Our customers are showing the world how open private capital markets work in very practical terms,” said GROUNDFLOOR co-founder and CEO Brian Dally. “We’re seeing strong growth in every metric, from loan applications to the growing base of investors who want to take advantage of our high-yield, short-term investments for as little as $10. And unlike the vast majority of growth-stage startups, we’re proud that the capital fueling our growth right now is coming from our customers, not Sand Hill Road.”

Additional Q2 metrics for GROUNDFLOOR include:

• 139 percent year-over-year increase in non-GAAP revenue, to $1.6 million for the second quarter and $2.6 million for the first half of 2019

• 160 percent year-over-year increase in loans closed, bringing the company’s total loans originated to more than 1,000

• $22.4 million in retail investment volume

• $13.2 million in principal and interest repaid to investors, who realized an average return of 10.54% net of losses

• 65,000 registered users