Here raises $5 million

Miami-based online platform to invest in financial rentals Here has raised a $5 million seed round led by Fiat Ventures, with participation from Joe Montana’s Liquid 2 Ventures, Mucker Capital, Basecamp Ventures, Cooley and previous Wealthfront CEO Adam Nash. Here formally opened its platform to the public in February 2022, and has since grown to include three vacation destinations in the US on its platform: Big Bear, California, Clearwater, Florida, and Gatlinburg, Tennessee in the Great Smoky Mountains.

“I launched Here to democratize access to high-quality real estate investments. We’re bringing the top destination markets with the highest returns to investors of all sizes. The traditional “American dream” of owning a home with a white picket fence is dead. Between a 20% down payment, inflation and high interest rates, purchasing a home is out-of-reach for most young Americans. At the same time, data shows that 75% of all U.S. travel spend will be made by Millennials and Gen Z by 2025. The opportunity has never been hotter.” – Corey Ashton Walters, founder and CEO of Here.

“Vacation rentals are an investment opportunity that historically has only been available to the wealthy. Here has created a seamless and simple way for everyday investors to participate in this market, and supporting their mission to open up this opportunity to everyone was an easy decision.” – investor Adam Nash, CEO & co-founder of Daffy and former CEO of Wealthfront.

“We love the vision of the company, but most important, the hustle, grit and creativity that Corey brings day-in and day-out. We’re honored to be a small part of their big vision by leading their Seed round with Fiat Ventures and providing ongoing growth support through our consultancy, Fiat Growth” said Managing Partner Marcos Fernandez.

The company plans to expand into 20 new destinations.