Janover: From Software to Crypto

As of today, April 9, 2025, Janover Software is undergoing a significant transformation.

About Janover Inc. (as of early April 2025):

Core Business: Janover Inc. (NASDAQ: JNVR) is an AI-powered online platform that connects the commercial real estate (CRE) industry. It provides data and software subscriptions, as well as value-add services, to professionals in the multifamily and commercial property sectors.
SaaS Model: The company has been transitioning towards a Software-as-a-Service (SaaS) business model.
Key Products/Platforms:
- Janover Pro (pro.janover.co): A B2B SaaS marketplace connecting CRE professionals, owners, and developers with thousands of commercial real estate lenders. It offers AI-powered natural language search to efficiently match borrowers with lenders.
- Janover Engage (engage.janover.co): A marketplace for real estate General Partners (GPs) and syndicators to connect with and raise capital from accredited investors.
- Janover Connect (connect.janover.co): A platform for real estate syndicators and GPs to manage their investors, offering tools like an investor CRM, portal, K-1 distribution, and deal management. (Formerly known as Groundbreaker).
- Janover AI: The company is integrating AI into its platforms and also offers AI-powered tools like a natural language search within Janover Pro and an AI voice tool for client engagement (currently for internal use with plans for licensing).
Market Reach: Janover serves over one million web users annually, including property owners, developers, service providers, and thousands of lenders (including over 10% of U.S. banks).

Recent Developments (April 2025):

Acquisition by Crypto Industry Leaders: An all-former-Kraken team, focused on bridging the gap between traditional finance (TradFi) and decentralized finance (DeFi), has acquired majority ownership of Janover Inc.
New Leadership: Joseph Onorati (former Chief Strategy Officer at Kraken) has been appointed Chairman and CEO, and Parker White (former Kraken Engineering Director) is now Chief Investment Officer and Chief Operating Officer. Marco Santori (former Kraken Chief Legal Officer) will join the board.
Strategic Shift to DeFi: Janover has adopted a new treasury policy with a focus on digital assets, primarily Solana (SOL). The company plans to acquire Solana validators and engage in SOL staking.
Rebranding: Janover Inc. will be rebranded as DeFi Development Corporation, with a new ticker symbol expected.
Funding: The new management team has raised approximately $42 million through convertible notes and warrants from various crypto-focused investors to accelerate the acquisition of digital assets, starting with Solana.
Continued Core Business: Janover will continue to operate its existing commercial real estate platform and its transition to a SaaS model. Blake Janover (founder) and Bruce Rosenbloom (CFO) will remain involved in daily operations.

Janover Software, while maintaining its core business in the commercial real estate tech space, is undergoing a radical strategic shift towards the decentralized finance sector with a strong focus on the Solana ecosystem, driven by new leadership from the cryptocurrency industry. Sources and related content