Sign up to receive 5 free days of our daily summary for tech news.

Kushner’s Cadre Raising $65M at More Than $800M Value

Cadre, a New York-based real estate startup partly owned by Jared Kushner, is seeking to raise about $65 million, at a valuation of more than $800 million, according to a corporate filing and a person familiar with the fundraising efforts.

The company came under the spotlight earlier this month when the Wall Street Journal reported that Jared Kushner’s stake in the company was one of several assets he did not disclose on financial disclosure forms he filed with the government when he became a senior adviser to President Trump. The Journal quoted a representative for Mr. Kushner saying the stake was housed in a company he owns which was disclosed.

No subscription? You're missing out.

Join the high-powered community of tech and business leaders who rely on The Information's original news and in-depth reporting.

Preferred stock investors in the company, including investors in the new round, do not get voting rights and do not get to elect board members, according to its charter.

Daniel Reuter commented on this article.
Read comments from top tech and industry leaders
Joe Lonsdale
Joe Lonsdale
Founding Partner, Eight
Chamath Palihapitiya
Chamath Palihapitiya
Founder & Managing Partner, SocialCapital
Tina Sharkey
Tina Sharkey
CEO, Brandless
Jonah Peretti
Jonah Peretti
CEO, Buzzfeed
Adam D'Angelo
Adam D'Angelo
CEO, Quora
Brit Morin
Brit Morin
Founder & CEO, Brit + CO
Dustin Moskovitz
Dustin Moskovitz
Co-Founder, Asana
Christina Miller
Christina Miller
President & General Manager, Turner
Max Levchin
Max Levchin
CEO, Affirm
Adam Mosseri
Adam Mosseri
Director of Product, Facebook
Alex Mather
Alex Mather
The Athletic
Martha Josephson
Martha Josephson
Partner, Egon Zehnder
James Murdoch
James Murdoch
Co-Chief Operating Officer, 21st Century Fox
Andrew Kortina
Andrew Kortina
Founder, Venmo
Ben Chestnut
Ben Chestnut
Co-Founder & CEO, Mailchimp
Ruchi Sanghvi
Ruchi Sanghvi
VP Operations, Dropbox
Login or Subscribe to follow the discussions happening here and real-time in our   Slack Community.