Index Industries Completes $50 Million Seed Round

November 11 — According to an official announcement, real estate investment infrastructure company Index Industries announced the completion of a $50 million seed round led by Lightspeed Venture Partners, with participation from Polychain Capital, Galaxy Ventures, Wintermute Ventures and others.

The company was co-founded by Josh Rosenthal, former president and general partner of Polychain Capital, and Brian Hardecker, CEO of residential real estate platform Longmark. Its platform combines a daily-published U.S. home price index, tokenization technology, and real estate and capital markets services, aiming to turn U.S. housing into an investable asset class. Its first product is the U.S. home price benchmark index, the USHP Index.