Deferred Raises $3.6M Seed to Modernize 1031 Exchanges
- Editor
- Apr 25
- 2 min read
Whats Happening:
Deferred, a technology-powered Qualified Intermediary, has secured $3.6 million in seed funding to modernize and democratize 1031 exchanges for everyday real estate investors. The funding round was led by B Capital and Fika Ventures, with additional support from strategic investors including founders and executives from companies like Ramp, Zillow, SoFi, Compass, Opendoor, Plaid, and Newfront.
Key Moves:
Deferred raises $3.6 million in seed funding led by B Capital and Fika Ventures
Company aims to modernize and democratize 1031 exchanges for everyday real estate investors
Deferred recently acquired Plenti Financial, a Qualified Intermediary with experience in nearly 7,000 1031 exchanges
By The Numbers:
1031 exchanges represent $100 billion in annual transaction volume
Less than 10% of eligible real estate deals take advantage of the tax break
Plenti Financial has facilitated nearly 7,000 1031 exchanges
Key Quotes:
"At Deferred, we're redefining what it means to be a Qualified Intermediary by combining cutting-edge fintech infrastructure with deep real estate industry expertise," said Judd Schoenholtz, Co-Founder and CEO of Deferred.
"Deferred exemplifies the kind of AI-enabled innovation we seek to support—modernizing industries and unlocking new opportunities," said Gabe Greenbaum, General Partner at B Capital.
"We are thrilled to partner with the Deferred team. They are applying innovative AI technology to a long-standing and real-world, practical use case while unlocking value for thousands of people and communities," said Arteen Arabshahi, General Partner at Fika Ventures.
Bottom Line:
Deferred's $3.6 million seed funding marks a significant step towards modernizing and democratizing 1031 exchanges in the real estate industry. By leveraging AI-driven technology and eliminating traditional fees, Deferred aims to make tax-deferred real estate transactions more accessible and efficient for everyday investors, potentially disrupting a $100 billion annual market.
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