Patch Lending Overview

  • Year Founded
  • 2013

Year Founded

  • Status
  • Acquired/​Merged

  • Employees
  • 46

Employees

  • Latest Deal Type
  • M&A

Patch Lending General Information

Description

Developer of a real estate crowdfunding platform designed to offer real estate investment and lending services. The company's platform provides access to crowdfunded real estate rental investment services and also originates, underwrites and completes due diligence on the real estate projects listed on their platform, enabling individual and institutional investors to participate in private real estate projects with low minimum investments, predictable returns and first-lien secured loans.

Contact Information

Formerly Known As
Patch of Land
Ownership Status
Acquired/Merged
Financing Status
Formerly VC-backed
Primary Industry
Consumer Finance
Acquirer
Cloverhill Funding LLC
Corporate Office
  • 15000 Ventura Boulevard
  • Suite 300
  • Sherman Oaks, CA 91403
  • United States

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Patch Lending Valuation & Funding

Deal Type Date Amount Raised to Date Post-Val Status Stage
7. Merger/Acquisition 29-Jul-2021 00000 Completed Generating Revenue
6. Secondary Transaction - Private 00000 Completed Generating Revenue
5. Debt - PPP 13-Apr-2020 00000 00000 Completed Generating Revenue
4. Later Stage VC (Series B) 01-Jul-2019 0000 00000 0000 Completed Generating Revenue
3. Early Stage VC 19-Dec-2017 00000 00000 Completed Generating Revenue
2. Early Stage VC (Series A) 07-Apr-2015 $23.6M $31.1M Completed Generating Revenue
1. Early Stage VC 22-Sep-2014 $7.51M $7.51M Completed Startup
To view Patch Lending’s complete valuation and funding history, request access »

Patch Lending Cap Table

Stock # of Shares
Authorized
Par Value Dividend Rate (%) Original
Issue Price
Liquidation Liquidation
Pref. Multiple
Conversion Price % Owned
Series B 0,000,000 00.000000 000.00 000.00 00 000.00 00.000
Series A 0,000,000 00.000000 00.00 00.00 00 00.00 00.000
To view Patch Lending’s complete cap table history, request access »

Patch Lending Comparisons

Description
Primary
Industry
HQ Location
Employees
Total Raised
Post Valuation
Last
Financing
Details
Developer of a real estate crowdfunding platform designed to offer real estate investment and lending services. The comp
Consumer Finance
Sherman Oaks, CA
46 As of 2022
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00000 000000000 0000
Plymouth Meeting, PA

0000

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00000000 0000000
San Francisco, CA
0000 As of 0000
00.000
000000000 00.000
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Patch Lending Competitors (19)

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
CMRE Capital Markets Real Estate Network Corporation Plymouth Meeting, PA
SoFi Formerly VC-backed San Francisco, CA 0000 00.000 000000000 00.000
Sabal Capital Partners Formerly PE-Backed Pasadena, CA 000 00000 000000&0 00000
CoreVest Finance Lender Formerly PE-Backed Irvine, CA 000 000000&0
PeerStreet Formerly VC-backed El Segundo, CA 000 00000 0000000000.
You’re viewing 5 of 19 competitors. Get the full list »

Patch Lending Signals

Growth Rate

0.80% Weekly
Growth
Weekly Growth 0.80%, 93rd %
-35.5%. 530%

Size Multiple

219x Median
Size Multiple 219x, 100th %ile
0.00x 0.95x. 413Kx

Key Data Points

Twitter Followers

5.5k

Similarweb Unique Visitors

15.0K

Majestic Referring Domains

314

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Patch Lending Former Investors (12)

Investor Name Investor Type Holding Investor Since Participating Rounds Contact Info
Catalus Capital Management PE/Buyout Minority 000 0000 000000 0
Evan Kraut Angel (individual) Minority 000 0000 000000 0
Evan Wang Angel (individual) Minority 000 0000 000000 0
Heritage Capital Ventures Venture Capital Minority 000 0000 000000 0
Inspire Global Ventures Family Office Minority 000 0000 000000 0
You’re viewing 5 of 12 investors. Get the full list »

Patch Lending Acquisitions (1)

Company Name Deal Date Deal Type Deal Size Industry Lead Partner
Tycoon ( Real Estate ) 09-Nov-2015 0000000000 Financial Software 00000 000
To view Patch Lending’s complete acquisitions history, request access »

Patch Lending FAQs

  • When was Patch Lending founded?

    Patch Lending was founded in 2013.

  • Who is the founder of Patch Lending?

    Jason Fritton, Brian Fritton, and Carlo Tabibi are the founders of Patch Lending.

  • Where is Patch Lending headquartered?

    Patch Lending is headquartered in Sherman Oaks, CA.

  • What is the size of Patch Lending?

    Patch Lending has 46 total employees.

  • What industry is Patch Lending in?

    Patch Lending’s primary industry is Consumer Finance.

  • Is Patch Lending a private or public company?

    Patch Lending is a Private company.

  • What is Patch Lending’s current revenue?

    The current revenue for Patch Lending is 000000.

  • How much funding has Patch Lending raised over time?

    Patch Lending has raised $157M.

  • Who are Patch Lending’s investors?

    Catalus Capital Management, Evan Kraut, Evan Wang, Heritage Capital Ventures, and Inspire Global Ventures are 5 of 12 investors who have invested in Patch Lending.

  • Who are Patch Lending’s competitors?

    CMRE Capital Markets Real Estate Network, SoFi, Sabal Capital Partners, CoreVest Finance Lender, and PeerStreet are some of the 19 competitors of Patch Lending.

  • When was Patch Lending acquired?

    Patch Lending was acquired on 29-Jul-2021.

  • Who acquired Patch Lending?

    Patch Lending was acquired by Cloverhill Funding LLC.

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