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AP

Cadre, the three-year-old real-estate investing startup co-founded by Jared Kushner, has raised $65 million in funding from venture capital firm Andreessen Horowitz. The investment reportedly brings Cadre's valuation to more than $800 million.

New face: Jeff Jordan, a partner at the firm and former CEO of OpenTable, is joining Cadre's board. Other investors, including Breyer Capital, the Ford Foundation, General Catalyst and Thrive Capital (led by Jared's brother, Joshua), also participated.

Go deeper: The company's new funding comes just a month after Jared Kushner came under fire for failing to disclose his part-ownership in Cadre, whose investors include Goldman Sachs, Silicon Valley billionaire Peter Thiel, Indian billionaire Vinod Khosla, Chinese entrepreneur David Yu, and business magnate George Soros. Bloomberg notes that Cadre's latest move was an effort for the startup to refocus "the newfound curiosity about Cadre on a different name: Andreessen Horowitz."

Go deeper

Biden says $1,400 stimulus payments can start going out this month

Photo: Samuel Corum/Getty Images

President Biden said Saturday that the Senate passage of his $1.9 trillion COVID relief package means the $1,400 direct payments for most Americans can begin going out later this month.

Driving the news: The Senate voted 50-49 Saturday to approve the sweeping legislation. The House is expected to pass the Senate's version of the bill next week before it heads to Biden's desk for his signature.

7 hours ago - Health

COVID-19 drives smell loss awareness, research

A health worker carries out an olfactory test outside Buenos Aires. Photo: Alejandro Pagni/AFP via Getty Images

The pandemic has thrust a relatively unknown ailment, anosmia — or smell loss — into the international spotlight.

Why it matters: Researchers hope smell testing becomes as standard as the annual flu shot, helping to detect early signs of neurodegenerative diseases like Alzheimer’s and Parkinson’s.