Real estate crowdfunding platform DiversyFund has raised up to $200,000 in a new convertible debt funding round, FinTech Global can reveal.
The company is looking to pull in up to $6m and?so far, the funding has registered two contributors, according to the latest US Securities and Exchange Commission filing.
There is a minimum investment to the company, from outside backers, of $100,000.
Founded in 2014, DiversyFund is a real estate crowdfunding platform connecting accredited investors to opportunities. There is a minimum investment for a campaign of $5,000, and since the company foundation it has helped invest $100m, with an average return of between 10 18 per cent, according to the company.
The platform works by a user creating a free account to browse a portfolio of pre-vetted real estate investment opportunities, with the investment available to be made online and returns immediately deposited to users as the investment grows.
This new funding, comes off the heels of a $1.25m investment from its online network, within just three days, to help with the construction of DiversyFund first luxury real estate project in California. Alongside this support was a $4.2m loan from Genesis Capital to help with construction.
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