0001104659-22-123195.txt : 20221130 0001104659-22-123195.hdr.sgml : 20221130 20221130150634 ACCESSION NUMBER: 0001104659-22-123195 CONFORMED SUBMISSION TYPE: 253G2 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20221130 DATE AS OF CHANGE: 20221130 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Fundrise eFund, LLC CENTRAL INDEX KEY: 0001660987 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE [6500] IRS NUMBER: 611775059 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 253G2 SEC ACT: 1933 Act SEC FILE NUMBER: 024-11210 FILM NUMBER: 221435359 BUSINESS ADDRESS: STREET 1: 11 DUPONT CIRCLE NW STREET 2: 9TH FL CITY: WASHINGTON STATE: DC ZIP: 20036 BUSINESS PHONE: 2025840550 MAIL ADDRESS: STREET 1: 11 DUPONT CIRCLE NW STREET 2: 9TH FL CITY: WASHINGTON STATE: DC ZIP: 20036 FORMER COMPANY: FORMER CONFORMED NAME: Fundrise For-Sale Housing eFUND - Los Angeles CA, LLC DATE OF NAME CHANGE: 20161213 FORMER COMPANY: FORMER CONFORMED NAME: Fundrise National Opportunistic Office, LLC DATE OF NAME CHANGE: 20151214 253G2 1 tm2231666d2_253g2.htm 253G2

Filed Pursuant to Rule 253(g)(2)
File No. 024-11210

FUNDRISE EFUND, LLC

SUPPLEMENT NO. 9 DATED NOVEMBER 30, 2022
TO THE OFFERING CIRCULAR DATED DECEMBER 23, 2021

This document supplements, and should be read in conjunction with, the offering circular of Fundrise eFund, LLC (“we”, “our” or “us”), dated December 23, 2021 and filed by us with the Securities and Exchange Commission (the “Commission”) on December 27, 2021 (the “Offering Circular”). Unless otherwise defined in this supplement, capitalized terms used in this supplement shall have the same meanings as set forth in the Offering Circular.

The purpose of this supplement is to disclose:

Asset update.

Asset Update

Saltbox, Inc. Corporate Investments

On August 18, 2021, we acquired ownership of a “wholly-owned subsidiary,” FR-SB 1, LLC, (the “Saltbox Investment Controlled Subsidiary”) for an initial purchase price of approximately $1,000,000 which was the initial stated value of our equity interest in the Saltbox Investment Controlled Subsidiary (the “Saltbox Investment”). The Saltbox Investment Controlled Subsidiary used the proceeds of the Saltbox Investment to invest in Saltbox, Inc. through a Simple Agreement for Future Equity. Details of this acquisition can be found here.

On November 23, 2022, the Simple Agreement for Future Equity automatically converted into 1,179,453 shares of Series B preferred stock of Saltbox, Inc. In connection with this conversion, we funded an additional approximately $375,000 to the Saltbox Investment Controlled Subsidiary to acquire 398,572 additional shares of Series B preferred stock.