[8] Fundrise was founded in 2010 by brothers Ben and Dan Miller and launched in 2012 before the passing of the JOBS Act, which enacted securities regulation to streamline the process of equity crowdfunding in the United States.

The brothers founded the company with the idea to allow residents in the D.C. area to invest in real estate development projects they were building.

[5] Soon thereafter, the company expanded its platform to allow conventional real estate investments from commercial developers across the United States.

[11] Additional Series A investors include Guggenheim Partners, Justin Elghanayan of Rockrose Development Corporation, and James Ratner of Forest City Enterprises.

[12] In October 2015, co-founder and president Daniel Miller left the company to begin his new venture, Steward, an online lending platform for regenerative agriculture.

[13] In February 2016, Fundrise terminated its senior accountant for allegedly attempting to extort over $1 million from the enterprise over a claim that "the company acted inappropriately concerning two real estate deals."

[19] The Fundrise eREIT offering provides prospective investors with the opportunity to invest in an intended portfolio of properties across the United States for a minimum of $1,000.