YieldStreet will use the funds to introduce new investment offerings, expand investor access and increase retail investor education and engagement, Edison Partners said in a news release.
“YieldStreet is democratizing the next frontier of wealth management, giving retail investors access to institutional-grade investment products that were previously off-limits to them,” Chris Sugden, managing partner, Edison Partners, said in a prepared statement. “They have found a profitable and scalable high-growth model in a variety of investments, and are now broadening their offerings with additional products.”
Sugden will become a member of YieldStreet’s board.
The fintech firm enables investors to participate in a wide variety of asset classes, improving access for non-institutional investors.
YieldStreet has more than 100,000 members who have invested more than $600 million through the platform.