Having only been in the market for a few years, crowdfunding portals have rapidly grown over 150 startups across the nation, specializing in real estate. Today, around 7% of the U.S population is an accredited investor. In highly urban settings like Southern California, this number is closer to 20%. Software platforms such as CrowdEngine, RealtyShares, CrowdForce, and others made it possible to legally raise money from the general public, with some going as far as attracting 90% of equity requirement from investments made through these platforms. Data analytics applications such as Rentlytics, on the other hand, give owners greater insight into the performance and management of their portfolios. Coming from a diverse background of developing state-of-the-art properties for the past 35 years, Kenny Slaught notes that, in the real estate tech scene, California remains one of the most active states in the market. With cutting-edge innovation tools available to pool capital, borrowers and sponsors have raised over $53 million through 90 residential, multifamily, and commercial properties in Sacramento, San Francisco, and throughout the Bay Area.