How Techstars Backed Arrived is Democratizing Real Estate Investment for Everyone

Arrived, helping you build wealth through modern real estate investing, led by Alejandro Chouza, Kenny Cason, Ryan Frazier, Sue Korn, and others, has raised $27 million in new funding, led by Neo and supported by Forerunner Ventures, Bezos Expeditions, Core, and others. The company has officially launched the Arrived Secondary Market, a first-of-its-kind platform that allows investors to buy and sell shares of individual rental homes across the U.S. with just a few clicks.

Traditionally, real estate investing has involved slow, paper-heavy processes, long holding periods, and limited liquidity. Arrived is changing that by bringing the entire experience online and introducing a streamlined way to trade rental home investments. With the launch of the Arrived Secondary Market, rental home investing now functions more like the stock market, enabling investors to buy and sell shares directly, capture appreciation, rebalance portfolios, and access liquidity in minutes through a peer-to-peer order-matching system. Early traction has been substantial, with more than 57,000 buy and sell orders placed in the first three weeks.

To date, more than 885,000 investors have joined Arrived and invested over $300 million across 550+ properties in 65 cities. This community is actively engaging with its portfolios, exploring new markets, and now trading shares directly with one another to align with evolving investment goals.

Arrived’s latest milestone signals a broader shift in how wealth is built and traded through property. Co-Founder and CEO Ryan Frazier noted that the progress represents a step toward fully online real estate investing, giving modern investors a more flexible, liquid, and accessible way to participate in the market.

Neo’s managing director, Ali Partovi, highlighted the ambition behind the mission, calling Arrived’s vision “a stock market for real estate” and framing it as a bold move toward democratizing and digitizing access to the nation’s $50 trillion housing market.

The Secondary Market is set to expand as additional properties become eligible for trading during scheduled market windows. Ongoing product development will introduce new features designed to streamline the investor experience and open up broader pathways for building wealth through real estate.