Janover, Inc., an AI-powered commercial real estate company, just raked in $42 million! This funding round, led by some big names like Pantera Capital, Kraken, and Arrington Capital, involved selling convertible notes and warrants.
The Deal Details
The notes offer a 2.5% annual interest, paid quarterly, and mature in 2030. They can be converted into company stock if Janover’s market value hits $100 million. Investors also got warrants to buy shares at a set price.
Crypto Focus: Solana First
Interestingly, Janover plans to use this cash to buy crypto, starting with Solana. The firm is managed by former Kraken executives, adding an interesting twist to this real estate story. This move signals a growing trend of traditional businesses integrating digital assets into their strategies.
Disclaimer: This information is for general knowledge only and isn’t financial advice. Always do your own research before investing.
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