Raymond Y. Davoodi

CEO Allen Shayanfekr

Sharestates tops $100M in capital raised

Great Neck-based Sharestates said it has topped $100 million in capital raised through its online crowdfunding platform, thanks in large part to partnerships with institutional investors, which have contributed about 80 percent. In contrast, rival platforms like Prodigy Network, Patch of Land and Fundrise have raised most or all of their capital from the so-called “crowd,” or small investors. Founded by Atlantis Organization veterans Allen Shayanfekr, Radni Davoodi and Raymond Y. Davoodi, Sharestates specializes in…