Deals
Billionaires Back Startup That Wants to Let Anyone Be a Landlord
- Bezos, Benioff among group investing in Arrived Homes
- Investors can bet as little as $100 on rental houses
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Jeff Bezos and Marc Benioff are backing a startup that lets regular people invest small amounts of money in single-family rental properties, as the pandemic-fueled housing market continues to attract a flood of capital.
Arrived Homes, which offers shares in rental properties for as little as $100, raised $37 million in equity and debt from a group of investors that includes Bezos Expeditions, the personal investment company of the Amazon.com Inc. founder, and Benioff’s Time Ventures. The round was led by Core Innovation Capital, according to a statement on Wednesday.