UK-based property P2P lender CrowdProperty has closed its crowdfunding campaign on £907,467 from the sale of up to 9.23 per cent equity.
The crowdsale, which was raised on the Seedrs platform, had an initial target of £600,000 at a pre-money valuation of $5.9m. Last month FinTech Global announced CrowdProperty has surpassed its target.
Founded in 2013, the FA authorised solution helps to facilitate loans between private individuals and professional property businesses. Loans can be taken out for property development, from refurbishments to new builds. The company has lent more than £10m across 27 projects.
This capital injection will be used to invest in talent, technology development, and marketing, according to the company.
Last week, property buying, renting and selling solution Compass, closed a $450m investment from SoftBank Vision Fund. This investment comes just one month after Compass had received $100m in its Series E funding round from Fidelity Investments, IVP and Wellington Management, among others.
Spain-based PropTech solution Resa also saw activity last week, with it being acquired by a joint venture between Greystar Real Estate Partners, AXA Investment Managers – Real Assets, and CBRE Global Investments. Resa helps students to find and pay for accommodation while they are studying at university.
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