We’re excited to announce that our CEO, Tore Steen, has been recognized by The Financial Technology Report as a Top 50 Financial Technology CEO Of 2020.
Recipients of the Top 50 Financial CEOS award are innovators, strategists, and corporate leaders, who have built important organizations that are driving massive change in the way we spend, save, invest, or otherwise manage our financial lives. There were more than 700 nominees that were evaluated based on their technological impact on the financial industry, breadth of organization, number of businesses or consumers reached, career achievements, and influence in the field and among peers. Additional review was based on demonstrated leadership capabilities by researching qualified sources and publicly available information.
With a longstanding reputation as a business leader in the internet and software industries, Tore has deep expertise in strategy, business development, sales, and marketing for both publicly traded and private enterprises. Identified as an exceptional executive who is helping to democratize commercial real estate investing, Tore has led the formation, launch, and rapid growth of our Marketplace.
“It is a great honor to receive this award, and I thank the Financial Technology Report as well as the CrowdStreet team who are dedicated to building the ultimate marketplace. Financial leaders have been put to the test in the last several months. We’ve been forced to evaluate the business and pivot on an unforeseen timeline, ensuring that in uncertain economic times our business still grows. With such a strong team behind us, we’re excited to see the positive results of these changes in years to come.”
Under Tore’s leadership, the CrowdStreet Marketplace has published over 420 deals and recently surpassed $1.1 billion in invested capital by individual investors. CrowdStreet In commercial real estate, the sponsor is an individual or company in charge of finding, acquiring and managing the real estate property on behalf of the partnership. The sponsor is usually expected to invest anywhere from 5-20% of the total required equity capital. They are then responsible for raising the remaining funds and acquiring and managing the investment property’s day-to-day... More have distributed more than $135 million in returns since the Marketplace launched in 2014. We’ve also had a number of record-breaking deals, helping sponsors raise millions, sometimes in mere minutes.
Prior to CrowdStreet, Tore helped take Janrain from an early-stage company to the recognized leader in the social identity space with a full user management platform and global enterprise customers. He has also held senior leadership roles at WebTrends and EarthLink.