LOS ANGELES--(BUSINESS WIRE)--PeerStreet, a first of its kind two-sided marketplace for investing in real estate backed loans, is pleased to announce they have been named among Forbes’ Best Startup Employers for 2020.
PeerStreet is included as part of Forbes’ inaugural list of America’s Best Startup Employers for 2020, which recognized 500 companies in this class. To be selected, PeerStreet was evaluated across three main categories, including employer reputation, employee satisfaction, and company growth.
“It is a huge honor to be recognized in Forbes’ first list of this kind. We have incredible talent here at PeerStreet and our goal has always been to provide the best working environment we can for our employees,” said PeerStreet co-founder and COO Brett Crosby. “We expect a lot out of them and our talented team members have allowed us to achieve the success we have today. We look forward to continuing our journey together.”
This award win comes at an exciting time for PeerStreet, through both the growth of their marketplace and the growth of their team. In 2019, PeerStreet announced a $60 million Series C fundraise, along with securing $4.25 billion in new capital commitments to purchase loans through PeerStreet’s proprietary platform. These funds are being used to continue to expand the company’s product offerings for investors and lenders alike. Culture has remained a priority for the firm throughout its growth, and PeerStreet has been recognized numerous times for its corporate culture, including being named among the Best Places to Work in Los Angeles in 2019 by Comparably and among American Banker’s Best Fintechs to Work For in 2020.
This award is presented by Forbes and Statista Inc., a world-leading statistics portal and industry ranking provider. Forbes and Statista analyzed more than 7 million data points to identify the top Startup employers out of thousands of qualified organizations to select those recognized this year.
PeerStreet is an award-winning investment platform that democratizes access to real estate debt investments. The company’s unique technology-driven marketplace enables accredited investors to diversify their capital in a fixed-income asset class that had previously been difficult for individuals to access.
Residential and commercial property loans are sourced from vetted private lenders throughout the United States who have regional real estate expertise and long-term borrower relationships. PeerStreet enables these lenders to expand their lending capital, empowering them to make more loans, which flows through to borrowers who in turn improve their local communities—one house at a time. Backed by noted venture capital firms including Andreessen Horowitz, PeerStreet was founded in 2013 and has had over $3.5 billion transacted on the platform as of February 2020.