YieldStreet Closes $62M Series B Equity Round to Reimagine Investing

First digital wealth platform to unlock access to multiple
alternative assets, opening a $40 trillion credit market

NEW YORK–(BUSINESS WIRE)–YieldStreet,
the digital wealth management platform that offers access to alternative
investments traditionally only available to institutions, announced
today that it has closed $62M of Series B equity financing. The round
was led by Edison Partners, with participation from Greenspring
Associates, and existing investors Raine Ventures and a large
multi-billion dollar NY family office.


The company will leverage its Series B capital to expand its product
offerings and audience to a broader set of retail investors, scale
origination, recruit top-tier talent, and pursue strategic acquisitions.

“True wealth creation opportunities have been either too expensive or
off limits for most investors. YieldStreet is going after this market in
a way the best innovators do. They are building a multi-product platform
that brings a new level of investing inclusion to those looking to build
wealth and save for their future,” said Chris Sugden, Managing Partner,
Edison Partners, who will join YieldStreet’s board. “The impressive and
highly capital efficient revenue growth, paired with a proven
product-market fit and strong founding team compelled us to become a
part of expanding this movement.”

Over the past three years, YieldStreet has taken an investor-first
approach, growing a community of over 100,000 that have invested more
than $600M on the platform. YieldStreet’s success has resulted in more
than $50M of interest generated for its highly engaged customer base.
Most offerings released on the platform are fully subscribed in a matter
of seconds.

“We are energized every day to provide access to investment products
that put our customers on a path towards financial security and
independence. This fundraising round validates our vision of defining a
new market as a leader in this category and will allow us to make a huge
impact for millions of consumers,” says founder and CEO Milind Mehere.

YieldStreet customers can participate in a wide range of alternative
investments across multiple asset classes including real estate, marine
& shipping, legal finance, and commercial loans. Since inception,
YieldStreet has generated an expected 12% IRR. Additionally, YieldStreet
recently introduced an FDIC-insured savings account, The YieldStreet
Wallet held at a federally chartered bank, inviting accredited and
retail investors to earn 2.2% annually on idle cash with no fees or
minimums.

“Our platform is designed to unlock a multi-trillion dollar private
credit market in a new way. We’re building the most efficient global
distribution model, creating new synergy between investors and
originators to access capital and generate yield that never existed
before. We believe this will result in a foundational paradigm shift we
haven’t seen before in investing,” said Michael Weisz, founder and
President of YieldStreet.

To learn more about the team at YieldStreet, watch
a video
shot at its corporate headquarters to celebrate its
community of investors.

About YieldStreet

YieldStreet is building the largest global digital wealth management
platform to change the way wealth is created. With an investor-first
approach, YieldStreet’s community can build a diversified portfolio of
investments outside of the stock market and generate passive income.
Investors get unprecedented access to asset classes such as Real Estate,
Marine Finance, Legal Finance & Commercial loans. Headquartered in New
York City with offices in Brazil, Argentina and Greece, the company is
backed with $178M in equity and debt capital from firms including Edison
Partners, Greycroft, & Raine Ventures. Join the movement at www.yieldstreet.com.

Contacts

YieldStreet
Liang Zhao, 505-720-6933
[email protected]

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