CrowdProperty nears Seedrs target
CrowdProperty is just £15,359 away from hitting the £400,000 target on its latest Seedrs campaign, with 12 days to go.
The campaign is understood to have run in private mode for around 10 days before it opened up to the public.
With less than two weeks left to run it is just four per cent off its target, having raised £384,650 from 370 investors.
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The fundraise is set to be used to help it deliver a new three-year growth strategy.
“This fundraise is to ensure that we fully fund the three-year strategy, with the equity capital raised being put alongside reinvestment of profits and cashflows from the operating business and working capital optimisation measures, meaning that this equity capital raise will be smaller than the last (and less dilutive), but overall, more will be invested in strategic growth,” a shareholder update said in February.
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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 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.
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