Real estate investment platform iFunded has scored €4m in its pre-Series A round.
The round was led by EVAN Group, and venture capital firm Treuenburg Group CEO Torsten Pfeifer. Contributions also came from Creathor Ventures and founding shareholders Michael Stephan and 32nd Floor GmbH.
Berlin-based iFunded is an online real estate investment platform for both institutional and private investors. Through the platform, real estate developers and project owners can raise funds to pay for their projects, with all opportunities being vetted and verified.
Once the borrowers target has been reached, they receive the funds to use as needed and over the course of the repayment, investors receive their initial commitment and interest on top.
Institutional investors also get exclusive access to a mix of on and off-market deals, which range from mezzanine to senior debt opportunities.
The company is looking to expand to offer more precise investment opportunities for institutional investors. Alongside this, iFunded is working on the implementation of blockchain technology to support the secure, efficient and transparent investing.
iFunded founder Michael Stephan said, “We are certain that more and more family offices, endowment funds, mutual funds, pension funds and insurance companies will use digital platforms for their investments. iFunded offers access to carefully vetted real estate projects in a cost efficient and transparent manner.”
The company previously raised a ‘seven-figure’ pre-Series A round in 2016 from backers including Creathor Venture.
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