CrowdProperty’s Seedrs campaign raises £316k so far
CrowdProperty has raised £316,097 (79 per cent) of a £400,000 target on its latest Seedrs campaign so far.
The campaign is understood to have run in private mode for around 10 days before it opened up to the public. It still has 27 days left and has raised the money to date from a total of 290 investors.
It is the peer-to-peer property development lender’s fourth equity fundraising round on Seedrs, to support its “mission to transform property finance”.
CrowdProperty is valued at £41.9m, not counting this latest fundraise, according to the Seedrs page.
The lender last raised money on the platform in August 2021, collecting £1.8m on Seedrs from 793 investors and surpassing its £800,000 target.
The latest fundraise is in addition to a prior total of £3.9m in equity capital raised, following a £1.1m fundraise in March 2019 and £900,000 back in November 2017.
Read more: CrowdProperty reaffirms commitment to retail investors
CrowdProperty reported a second consecutive year of profits in its latest financial results, with an operating profit of £147,035. The platform said that it expects to post another profit next year.
Chief executive Mike Bristow said the business would proceed with caution, but still sees plenty of opportunities to lend and grow in the coming year.
Meanwhile, the platform’s sister company, CrowdProperty Australia, separately announced today that it has launched a Retail Investment Trust to extend the availability of loans to more investors, not just those of a certain wealth level.
Read more: CrowdProperty sets out three-year growth strategy