AssetAvenue Raises $11M

Los Angeles-based commercial real estate loan funding marketplace AssetAvenue has raised $11.0M in a Series A funding, according to the company. The funding was led by DCM Ventures. Other investors in the round included NetEase and Matrix Partners, along with others. AssetAvenue, which is led by David Manshoory, said the new funding round will go towards further investment in its technology and platform, hiring, and sales and marketing. More information »