Groundfloor makes the Georgia Fast 40 List for second year

Alternative real estate investment platform recognized again for its rapid growth and product innovation
PRNewswireMay 20, 20245 min

Groundfloor, the award-winning alternative investment platform with overĀ $1.4 billionĀ in investment volume,Ā is announcing it’s been named to the 2024 Georgia Fast 40 for the second year in a row. This award recognizes the top 40 fastest-growing middle-market companies in the state. The Atlanta Chapter of the Association for Corporate GrowthĀ®Ā (ACG) issues these honors based on verifiable three-year revenue and employment growth, as well as executive interviews.

“We’re honored to have been named to the Georgia Fast 40 again,” said Groundfloor co-founder and CEOĀ Brian Dally. “Our concept found its first success twelve years ago thanks to then-secretary of stateĀ Brian Kemp’sĀ Invest Georgia Exemption. Since then, the secret to our continuing growth has always been the power and resiliency of individual retail investors and our unique model for generating consistent returns for them through market ups and downs alike.”

This recognition adds to the string of awards Groundfloor has recently won, including being named to theĀ ForbesĀ Fintech 50 and theĀ Atlanta Business Chronicle’sĀ Pacesetter List for the fourth time. Groundfloor has also been named to the Inc. 5000 list four straight years since 2019.

In 2023, Groundfloor launched multiple new products providing investors more options to invest in real estate backed alternatives. As a result of these product launches, including the Groundfloor 3.0 auto-investing app, the company experienced three-year revenue growth of 68 percent. To date, Groundfloor has now surpassedĀ $1.4 billionĀ in retail investment volume andĀ $1.2 billionĀ in investor repayments, underscoring the continued appeal of fractionalized real estate investing.

Groundfloor launched in 2013 when co-founders Dally andĀ Nick BhargavaĀ envisioned a line of investment products to open private markets in a format that is accessible to all. Relocating toĀ AtlantaĀ to utilize the Invest Georgia Exemption, they pioneered the concept of fractional investing into real estate debt securities. Groundfloor later became the first company qualified by the U.S. Securities and Exchange Commission to offer real estate debt investments to both accredited and non-accredited investors, and quickly expanded opportunities nationwide. Today, Groundfloor remains dedicated to democratizing private market investing, with most offerings accessible for as little asĀ $10, and has established a track record of generating consistent short-term returns over a decade.

Groundfloor is also known for its unique approach to fundraising. The company has raised more thanĀ $34 millionĀ in equity funding with the majority being from public stock sales to its own customers. Groundfloor is proudly 31 percent customer-owned, ensuring the company remains focused on delivering value for its 7,100+ shareholders.

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