Draper Goren Holm supports real estate investment platform AKRU
Draper Goren Holm today announced the company’s new holding company: AKRU. SoCal Venture, led by Tim Draper, Alon Goren and Josef Holm, has invested an undisclosed amount in the real estate investment platform with the aim of making the democratization of commercial real estate a near reality.
“We are delighted to welcome them to our family, as Mohsin and his team have a proven track record in understanding the industry on an intimate level, which makes them well positioned to become the industry leader in real estate tokenization,” said Alon Goren, Founding Partner of Draper Goren Holm.
AKRU CEO Mohsin Masud spoke about the importance of being a part of Draper Goren Holm, led by blockchain and fractional investment industry experts Alon & Josef, and Tim Draper known for choosing start-up companies like Twitter and Skype. Mohsin met Alon & Josef at the start of the pandemic at an event that the producing company, Blockchain & Booze, has launched a valuable partnership. “We are honored to partner with Tim Draper, Alon Goren, Josef Holm and the exceptional team and portfolio of Draper Goren Holm,” said Masud. partners who believe in what we want to do. “
AKRU, headquartered in Cincinnati OH, offers users the opportunity to invest in an upscale commercial building with as little as $ 1,000. In tandem, it allows asset owners to access a large pool of investors and asset managers to further diversify their investment portfolios. By offering fractional investments, the platform strives to tackle and transform long-standing real estate issues such as asset illiquidity, bureaucratic hurdles, costly middlemen and lack of available data and transparency. .
Masud and his team believe that real estate tokenization offers unprecedented opportunities and convenience for a range of real estate players. Masud also believes in the strength of his product, so much so that the company was launched in 2018 and was self-financing for the next two and a half years. From there, the company raised $ 650,000 as part of a round of investors among friends and family and recently announced its seed round with a goal of $ 2.2 million. Having first-hand knowledge of real estate issues from an established career, Masud sought out an international team of experienced leaders and developers to build the perfect solution, the AKRU Platform.
Masud also emphasizes the importance of blockchain as an immutable ledger of ledgers that has the potential to make the real estate financial ecosystem more efficient and secure. AKRU uses the advantages of blockchain technology to improve security and liquidity, but is able to integrate the technology in a user-friendly manner. The platform’s unique use of blockchain gained further attention from Draper Goren Holm, which led the company to include AKRU in its portfolio. The partnership is promising and will prove to be beneficial for the modern real estate investor.
About Draper Goren Holm:
Draper Goren Holm, a partnership between Tim Draper, Alon Goren and Josef Holm, is a venture capital studio focused on accelerating and incubating blockchain and fintech start-ups, while simultaneously producing more than 100 leading events on the blockchain and cryptocurrency, Security Token Summit and LA Blockchain Summit. Portfolio companies include Tezos Stable Technologies, Totle, Ownera, Innovesta, LunarCrush, Degens, Giftz, Vertalo, Coinsquad, CasperLabs, Element Zero and more.
Founded in 2018, Akru is an online real estate investment platform using blockchain technology to create a secure and intuitive marketplace that allows investors to take advantage of real estate investment opportunities for as little as $ 1,000. This unique integrated digital model increases access to quality investments and brings ease, transparency and efficiency to real estate investment.