Adam Demuyakor
Founder and managing partner at Wilshire Lane Capital
Adam Demuyakor has steered Wilshire Lane Capital to wide-scale growth since launching the proptech firm in 2019.
“It has been really explosive with the type of portfolio that we put together, and we’ve had investments across all stages and categories,” Demuyakor said. “The revenue and the gross profit is multiples higher than it was when we first invested.”
Demuyakor noted that his company completed successful raises in the past year amid challenging market conditions. It helped raise $11 million in a Series A round of funding for Stuf, a startup business that partners with commercial property owners to convert unused space to self-storage. It also took part in a $35 million Series B funding round for flexible co-warehousing company Saltbox.
Los Angeles-based Wilshire Lane Capital has also been active on the leadership front in commercial real estate investing, leading a $13 million Series A round for Pinata, a credit building membership program for renters. It also led a $3.5 million seed funding round for Colleen, an artificial intelligence payment platform for multifamily property managers and residents.
A big part of Wilshire Lane’s elevation was a strategic partnership launched with Morgan Properties in January 2022 to close its $40 million first fund. Morgan Properties — the largest privately held multifamily owner in the U.S., with more than $15 billion in assets and over 95,000 units — is serving as Wilshire Lane’s limited partner in its latest fund.
Looking ahead, Demuyakor is focused on taking the next step from its successful fundraises.
“We have a few companies that are large in the multibillion-dollar range and potentially could be interested in tapping the public markets. And so, when that happens, our top priority is to return capital back,” Demuyakor said. “The job is not done until we actually return the capital.”
