Index Industries Raises $50 Million in Seed Round Financing

Index Industries completed a $50 million seed round led by Lightspeed Venture Partners, adding financing for a platform that combines a U.S. home-price benchmark with tokenization and real estate and capital markets services.

Polychain Capital, Galaxy Ventures and Wintermute Ventures also participated. The company was co-founded by Josh Rosenthal, a former chairman and general partner at Polychain Capital, and Brian Hardecker, CEO of residential real estate platform Longmark.

The platform’s first product is USHP Index, a daily benchmark for U.S. housing prices. Index Industries combines the index with tokenization technology and services tied to real estate and capital markets, with the aim of making U.S. housing an investable asset class.