The Fundrise Innovation Fund has invested $2 million into Jetty, a leading financial services platform for the rental real estate industry. Our investment represents the funds second investment within the real estate and property technology (proptech) sector that we identified as a focus when we launched the fund last year.

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Innovation Fund:Investment in Jetty

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The Fundrise Innovation Fund has invested $2 million into Jetty, a leading financial services platform for the rental real estate industry. Our investment represents the funds second investment within the real estate and property technology (proptech) sector that we identified as a focus when we launched the fund last year. For the more than 120 million Americans (36% of households) who rent their homes, housing typically represents their largest expense. Accordingly, rental real estate represents roughly 12-13% of US GDP, making it the largest addressable market in the US by several measures. While technology has made large strides over the last two decades making it easier and more cost-effective for individuals to manage many aspects of their personal finances (e.g. banking, lending, investing), the rental real estate market has historically been overlooked in spite of its size, with many practices changing little over the past century. Jetty recognized this opportunity and built an integrated financial services ecosystem that makes renting more flexible and affordable for renters, while at the same time enabling property managers to lease up faster and improve rent collection rates. With the launch of their first four products and adoption by many of the largest owners and managers in the country (including Fundrise), Jetty is the clear leader in the race to modernize the financial services aspect of rental real estate, and well on their way to becoming the overall category winner.

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1. Pew Research Center - As national eviction ban expires, a look at who rents and who owns in the U.S. 2. National Association of Homebuilders - Housings Contribution to Gross Domestic Product. The Fundrise Innovation Fund is the marketing name for the underlying legal entity, Fundrise Growth Tech Fund, LLC (the Fund). The Fund is an unlisted closed-end management investment company that is operated as a tender offer fund. The Funds investment objective is to provide total return primarily through long-term capital appreciation. All securities involve risk; please consider the risks and objectives before investing in the Fund. For more information, including the Prospectus, please visit . Fundrise, LLC ("Fundrise") operates a website at fundrise.comand certain mobile apps (the "Platform"). By using the Platform, you accept our Terms of Service and Privacy Policy. All images and return and projection figures shown are for illustrative purposes only, may assume additional client capital contributions over time, and are not actual Fundrise customer or model returns or projections. Past performance is no guarantee of future results. Any historical returns, expected returns, or probability projections may not reflect actual future performance. All securities involve risk and may result in partial or total loss. While the data we use from third parties is believed to be reliable, we cannot ensure the accuracy or completeness of data provided by investors or other third parties. Neither Fundrise nor any of its affiliates provide tax advice and do not represent in any manner that the outcomes described herein will result in any particular tax consequence. Prospective investors should confer with their personal tax advisors regarding the tax consequences based on their particular circumstances. Neither Fundrise nor any of its affiliates assume responsibility for the tax consequences for any investor of any investment. FullDisclosure

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