UpStart Weekly Rundown - November 15, 2024

Fractional Closes $15M Series A to Drive Co-Ownership in Real Estate

Fractional, the property co-investment platform, has raised $15 million in Series A funding to expand its model of co-ownership, connecting users to buy properties together. Originally created for friends to purchase homes jointly, Fractional now enables groups of strangers to co-invest, handling all logistics from LLC creation to contract formation. In a market where over 75% of first-time homebuyers co-buy, the platform aims to open real estate investment to more people, making it both accessible and collaborative.

Fleek Secures $20M to Expand Marketplace for Secondhand Fashion Finds

Secondhand wholesale marketplace Fleek just snagged $20 million to reshape the resale industry. Aiming to connect thrift stores, vintage retailers, and online sellers with curated, affordable inventory, Fleek’s platform is positioned to make secondhand sourcing as streamlined as buying new. With this fresh funding, the company plans to scale operations, expand its inventory, and make sustainable fashion more accessible across the globe.

Trolley Bags $32M to Take Payouts Global

Payout platform Trolley has closed a $32 million CAD Series B to extend its global reach in handling business payments. With a mission to simplify cross-border payouts for freelancers, creators, and SMBs, Trolley plans to use the funds to deepen its international footprint and streamline compliance. Positioned to serve the booming gig economy, the company is primed to become the go-to platform for secure, reliable payments worldwide.

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