Yieldstreet announced Wednesday its $100 million series C funding round.
For the last six years, New York-based start-up Yieldstreet has been giving its users access to a category of deals that had previously been the domain of institutions like hedge funds or billionaires' family offices.
Yieldstreet — with early backer billionaire George Soros — told CNBC the funding round will be used to expand the platform's user base, widen investment products and push into international channels. Plus, some of the cash injection will be used for M&A and strategic new hires.Similar to the retail stock trading boom during the pandemic and into this year, Yieldstreet has seen massive growth in the past 12 months.
"What you saw with Covid really pulled people year and years and years ahead of when they would otherwise adopt digital investing," said Weisz.
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