Deferred, a trailblazing technology-powered Qualified Intermediary, has raised $3.6 million in seed funding to revolutionize 1031 exchanges for everyday real estate investors. By offering a tech-driven solution to manage 1031 exchanges, Deferred is aiming to make it easier for individual investors to access the same tax benefits that institutional investors have historically enjoyed. The platform simplifies the traditionally complex process, offering a streamlined, user-friendly service that enables real estate investors to defer taxes when selling properties and reinvesting in others.
This seed funding will enable Deferred to accelerate its mission of democratizing real estate investing by leveling the tax playing field. Historically, 1031 exchanges have been a tool primarily used by institutional investors, giving them a significant advantage when it comes to deferring taxes on capital gains. With this new round of funding, Deferred is focused on making these benefits accessible to a wider range of real estate investors, empowering them to make better investment decisions and build wealth more efficiently.
The funding round was led by prominent venture capital firms B Capital and Fika Ventures, with additional backing from a group of strategic investors, including founders and executives from cutting-edge companies such as Ramp, Zillow, SoFi, Compass, Opendoor, Plaid, and Newfront. These investors bring valuable expertise and networks to the table, which will help Deferred scale its platform and expand its reach across the real estate investment landscape.
Deferred’s innovative approach is set to disrupt the real estate investment sector, making it easier for individual investors to access valuable tax advantages. As the real estate market continues to evolve, Deferred’s technology-powered platform positions itself as a key player in the future of real estate investing.
