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The secondary market for real estate leases
Ryse was founded in 2024 by Sean Mitchell (Founder) and Harsh Yadav (Founder).
Ryse has raised $500K in total across 1 funding round.
Ryse is the only marketplace where investors who want to buy leases can trade with real estate operators who want to sell leases.
Ryse was founded in 2024 by Sean Mitchell (Founder) and Harsh Yadav (Founder).
Ryse has raised $500K in total across 1 funding round.
Ryse's investors include Accel, Avalancha Ventures, Buckley Ventures, Cowboy Ventures, E14 Fund, Felix Capital, Floodgate, Human Augmentation Syndicate, March Capital, Nyca Partners, QueensBridge Venture Partners, Rainfall Ventures.
Key people at Ryse.
Ryse is a pioneering startup founded in 2024 that operates a secondary marketplace for real estate leases, enabling investors and real estate operators to trade lease assets efficiently. For an investment firm, Ryse’s mission is to unlock liquidity and transparency in the $1.5 trillion US real estate lease market by creating a seamless platform where buyers (such as banks, asset managers, and insurance companies) can access and purchase lease-backed assets directly from sellers (real estate operators). Its investment philosophy centers on leveraging data-driven underwriting and marketplace innovation to disrupt traditional, illiquid real estate lease investments. Key sectors include real estate finance, proptech, and fintech, with a significant impact on the startup ecosystem by introducing standardized data, real-time trading, and payment processing infrastructures that were previously absent.
As a portfolio company, Ryse builds a marketplace platform that serves both real estate operators seeking liquidity and institutional investors seeking stable, diversified lease investments. It solves the problem of market stagnation and illiquidity by providing a transparent, data-rich environment for trading leases, enabling operators to unlock capital and investors to deploy funds efficiently. Since launching, Ryse has demonstrated strong growth momentum, securing a $100 million term sheet with a major asset manager and progressing toward closing a $50 million seller agreement within its first months of operation.
Ryse was founded in 2024 by Sean Mitchell, Harsh Yadav, Thomas L. Smith, and Seva Levitski, a team with prior experience at REZI, a proptech company focused on simplifying apartment rentals. The idea emerged from recognizing the unmet demand among financial institutions to invest directly in real estate leases, a market lacking a dedicated trading platform. Early traction included rapid engagement with large institutional buyers and sellers, validating the marketplace concept and securing pre-seed funding led by Y Combinator. This foundation set the stage for Ryse’s evolution from a concept to a functioning marketplace addressing a critical gap in real estate finance.
Ryse rides the wave of fintech innovation in real estate, addressing the longstanding inefficiencies in lease asset liquidity and transparency. The timing is critical as institutional investors increasingly seek alternative, stable yield assets amid low-interest environments. Market forces such as the massive scale of lease originations ($1.5 trillion annually in the US), the lack of existing secondary trading infrastructure, and growing demand for data-driven investment tools favor Ryse’s growth. By bridging capital markets and real estate operators, Ryse influences the broader ecosystem by enabling new investment products, improving portfolio management, and fostering collaboration between financial institutions and property owners.
Looking ahead, Ryse is poised to expand its marketplace liquidity, onboard more institutional buyers and sellers, and enhance its data analytics capabilities to further streamline lease asset trading. Trends shaping its journey include increasing digitization of real estate finance, growing appetite for alternative assets, and regulatory shifts favoring transparency. Ryse’s influence may evolve from a niche marketplace to a foundational infrastructure for real estate lease investments, potentially transforming how capital flows in the sector and setting new standards for asset liquidity and investor access. This aligns with its founding vision to revolutionize real estate lease investments by unlocking a vast, previously inaccessible market.
Ryse has raised $500K across 1 funding round. Most recently, it raised $500K Seed in April 2024.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Apr 1, 2024 | $500K Seed | Accel, Avalancha Ventures, Buckley Ventures, Cowboy Ventures, E14 Fund, Felix Capital, Floodgate, Human Augmentation Syndicate, March Capital, Nyca Partners, QueensBridge Venture Partners, Rainfall Ventures, Relay Ventures, Seven Seven Six, Howard Lindzon, Susa Ventures, Greg Bettinelli, The Hit Forge, Transmedia Capital, Y Combinator, Andrew Bialecki, Eric Ries, John Fontein, Josh Spear, Michael Birch, Nico Rosberg, Sean Park |