CrowdProperty to launch third crowdfunding campaign

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CrowdProperty is planning a third fundraising campaign on Seedrs.

The peer-to-peer property lender is listed among the projects coming soon on the equity crowdfunding platform.

The listing doesn’t give any details on fundraising targets or how the money will be used but investors can sign up for priority access.

It would be CrowdProperty’s third crowdfunding round.

Read more: CrowdProperty “fully committed to retail” as it eyes £400m annual lending target

The platform raised £907,000 in 2017, beating its £600,000 target.

The money was used for platform and product development and to boost its marketing, press relations and to hire more staff.

This was followed by a fundraise of almost £1.1m in 2019, again beating CrowdProperty’s aim of £600,000.

The firm raised £1,089,000 from 575 investors based on a pre-money valuation of £15.7m.

CrowdProperty said the fundraising was especially popular among existing customers – both lenders and borrowers on the platform.

“We are delighted that so many of our customers wanted to participate in this raise, on both borrower and lender sides,” Mike Bristow (pictured), chief executive of CrowdProperty, said at the time.

“Our proposition has been game-changing for them, giving them the confidence to invest in the business knowing that it has demonstrably huge potential.”

It comes after CrowdProperty entered the Australian market in May.

The lender aims to support Australian developers in the same way it has provided a non-banking alternative in the UK small-  and medium-sized enterprise development market.

The team will be led by one of its founders David Ingram, who founded Split It, which provides technology for comparison websites.


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