LEX Markets, a real estate securities marketplace, has raised a $15-million Series A financing round led by PEAK6 Strategic Capital, a division of PEAK6 Investments. Other major venture capital investors include Khosla Ventures, Two Lanterns, MUFG Innovation Partners and Gaingels.
Headquartered in Midtown Manhattan, LEX offers investors the ability to own equity shares in specific income-generating properties while giving property owners a new opportunity to find liquidity.
“This new capital is important for our users, real estate partners, and our team at LEX,” said Jesse Daugherty, LEX co-founder and Co-CEO. “The funding will let us grow our engineering, marketing, sales, and real estate teams, to improve our product and bring bigger real estate deals to market faster.”
LEX has seen significant investor demand. The platform opened its doors to more than 10,000 waitlisted investors last November. LEX has overseen two building IPOs, with many more properties in the pipeline.
Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces.
Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications.
Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).
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