CrowdStreet lands $12M in financing, hires execs

It’s been a rough stretch for some real estate crowdfunding platforms, but one just scored new financing and three new execs. Portland, Ore.–based CrowdStreet landed $12 million in Series C financing, the firm said Wednesday, bringing its fundraising haul to $25 million since its 2013 launch. CrowdStreet said the investors in the new round include individuals, such as former ESPN chief marketing officer Carol Kruse, and commercial real estate sponsors. The company, which claims to have distributed $80 million to its investors, also added three hires to its senior leadership team. Robert Stiles, former chief financial officer at LendingHome, joined as CFO/COO. Londa Quisling was named chief technology officer, after serving as chief product officer at Treehouse. And John Havens, previously of BNY Mellon, joined as vice president of capital markets.