- Companies
- Cadre
Cadre Acquisition, Valuation, Funding & Investors
Cadre was acquired by Willow Wealth in November 2023.
Cumulative funding Cadre raised
$133M
across 3 funding rounds
Key investors in Cadre
General Catalyst
Khosla Ventures
Goldman Sachs
Recharge Capital
Andreessen Horowitz
Founders Fund
Thrive Capital
Lakestar
About Cadre
Cadre is a digital platform facilitating real estate investments by linking institutional and accredited investors with property operators. New York-headquartered since its 2014 launch, it offers primary fund investments, co-investments in stabilized assets, and a secondary marketplace for trading ownership interests. The technology stack provides deal sourcing, portfolio analytics, asset management tools, and liquidity options, serving high-net-worth individuals and family offices managing billions in assets across multifamily, industrial, and office sectors.
Founded
2014
HQ
Website
Status
Acquired
Customer focus
B2B
Revenue model
Commission, Subscription
Valuation
$800M (Jun 2017)
Cadre Acquisition
Cadre was acquired by Willow Wealth for an undisclosed price on 30 November 2023.
Before the acquisition Cadre had raised $133M across 3 funding rounds.
| Acquirer | Date | Type |
|---|---|---|
| 30 Nov 2023 | Strategic M&A |
Cadre Valuation
Cadre is currently valued at $800M, based on its Series C in June 2017.
The $65M round was led by Andreessen Horowitz, with participation from Breyer Capital, General Catalyst, Class 5 Global, Goldman Sachs, Khosla Ventures and 2 other investors.
Cadre's valuation has grown 8.0x from $100M at its Series A in March 2015 to $800M in June 2017, across 2 priced rounds.
Cadre valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Jun 2017 | Series C | $800M |
| Mar 2015 | Series A | $100M |
Cadre Funding History
Cadre has raised a total of $133M across 3 funding rounds.
Cadre's first fundraising round was a $18M Series A in March 2015. The most recent completed round was a $65M Series C in June 2017.
Cadre funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Jun 2017 | Series C | Andreessen Horowitz (lead); Breyer Capital; General Catalyst; Class 5 Global; Goldman Sachs; Khosla Ventures; Thrive Capital; Ford Foundation | $65M | $800M | - |
| Jan 2016 | Series B | Apoletto Managers; Goldman Sachs; Wendi Murdoch; Recharge Capital | $50M | - | - |
| Mar 2015 | Series A | General Catalyst; Jaws Ventures; ACME Capital; Gin Lane; Michael D. Fascitelli; Khosla Ventures; Founders Fund; Andrew Farkas; Lakestar; Jon Winkelried; Recharge Capital; HDS Capital | $18M | $100M | Cadre is a real estate technology platform founded in 2015 by Ryan Williams (ex-Goldman Sachs and Blackstone), Joshua Kushner (Thrive Capital), and others, aimed at modernizing commercial real estate investing by providing a technology-driven framework to connect institutional capital with opportunities, replacing outdated tools like Excel files. The company secured a $18.3 million seed or early funding round on March 24, 2015, from Thrive Capital, General Catalyst, and angels including Andrew Farkas, Jon Winkelried, Michael D. Fascitelli (Vornado CEO), with additional investors like SL Green Realty. A $250 million backstop from a large family office (not Kushner-related) and commitments from 50 family offices/endowments were secured early, with Jared Kushner advising briefly. The 10-person team at launch included tech talent from Square and finance experts from Warburg Pincus, positioning Cadre as a members-only platform for high-net-worth investors to access commercial and residential real estate deals. Subsequent rounds included $50 million in 2016 and $65 million Series C in 2017 led by Andreessen Horowitz, achieving over $800 million valuation post-Series C, with over $1 billion in deals originated by then. Cadre evolved into a broker-dealer (RealCadre LLC) and investment adviser (CCV LLC), earning commissions like $4.5 million from brokering nine private offerings between March 2015 and April 2017. Later milestones: $400 million Direct Access fund in 2021, Cadre Direct Access Fund II in 2023 targeting $500 million, and acquisition by Yieldstreet in 2023, with Ryan Williams remaining CEO of the independent subsidiary. |
Who has invested in Cadre?
20 investors have backed Cadre across its funding rounds, including General Catalyst, Khosla Ventures, Goldman Sachs, Recharge Capital, Andreessen Horowitz and Founders Fund.
Lead investors include Andreessen Horowitz.
Cadre Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 2 | Participant | Mar 2015 | ||
| 2 | Participant | Jan 2016 | ||
| 2 | Participant | Mar 2015 | ||
| 2 | Participant | Mar 2015 | ||
| 1 | Participant | Jun 2017 | ||
| 1 | Participant | Mar 2015 | ||
| 1 | Participant | Jan 2016 | ||
| 1 | Participant | Jun 2017 | ||
| 1 | Participant | Mar 2015 | ||
| 1 | Participant | Mar 2015 | ||
| 1 | Participant | Mar 2015 | ||
| 1 | Lead | Jun 2017 | ||
| 1 | Participant | Jan 2016 | ||
This data is available for Pro users. Sign up to see all 20 Cadre investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialCadre Competitors
Cadre competitors include listed companies like Upwork and Izumi Co, and private ones like Tul, Provi, Reibus and Globality.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $800M | - | ||
| Private | - | - | $750M | - | ||
| Private | - | - | $750M | - | ||
| Private | - | - | $900M | - | ||
| Publicly listed | $788M | $180M | $1.1B | 1.1x | ||
| Publicly listed | $3.7B | $300M | $1.4B | 0.6x |
Cadre Public Comps
Cadre is no longer listed, but its public comps include EverQuote, Bengo4.com, AUCNET, Timee, Ixigo, WeBuyCars, ATRenew, UT Group, Trainline and Web Travel Group.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $693M | $62M | 0.9x | 0.8x | 9.9x | 5.5x | |||
| $105M | $19M | 7.7x | 6.9x | 43.8x | 33.0x | |||
| $412M | $63M | 1.4x | 1.3x | 9.3x | 7.5x | |||
| $132M | $23M | 6.3x | 2.8x | 36.0x | 13.5x | |||
| $128M | $8M | 5.0x | 4.5x | 83.7x | 57.8x | |||
| $1.6B | $90M | 0.5x | 0.5x | 9.7x | 8.6x | |||
| $3.1B | $84M | 0.2x | 0.2x | 8.2x | 6.6x | |||
| $1.1B | $82M | 0.7x | 0.7x | 9.4x | 9.2x | |||
This data is available for Pro users. Sign up to see all Cadre competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Cadre
| When was Cadre founded? | Cadre was founded in 2014. |
| Where is Cadre headquartered? | Cadre is headquartered in New York City, NY, United States. |
| Is Cadre publicly listed? | No, Cadre was acquired by Willow Wealth in November 2023. |
| Who acquired Cadre? | Cadre was acquired by Willow Wealth in November 2023. |
| What is Cadre's valuation? | Cadre was last valued at $800M in its Series C in June 2017. |
| How much funding has Cadre raised? | Cadre has raised $133M across 3 funding rounds. |
| What was Cadre's last funding round? | Cadre's last funding round was a $65M Series C in June 2017, led by Andreessen Horowitz. |
| Who are Cadre's investors? | Cadre's investors include General Catalyst, Goldman Sachs, Khosla Ventures, Recharge Capital, Breyer Capital, Jaws Ventures, Apoletto Managers, Class 5 Global, ACME Capital, Gin Lane and 10 others. |
| Which companies are comparable to Cadre? | Companies comparable to Cadre include Tul, Provi, Reibus, Globality, Upwork and Izumi Co. |
See companies similar to Cadre
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