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Peer2Peer Finance News | October 15, 2018

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LandlordInvest’s £600,000 crowdfunding campaign goes live

LandlordInvest’s £600,000 crowdfunding campaign goes live
Tim Evershed

LANDLORDINVEST’S fundraising campaign on equity crowdfunding platform Crowdcube has now gone live.

The peer-to-peer property lender, which offers buy-to-let and bridging loans, is looking to raise £600,000 in its pre-series A fundraising round.

As Peer2Peer Finance News reported last week, LandlordInvest embarked on the fundraising in order to scale up its operations. It said on Tuesday that this will include hiring staff, refining its offering for the intermediary market and developing new technical resources.

“We are thrilled to announce our pre-Series A round, working in partnership with Crowdcube, one of the world’s leading equity crowdfunding platforms where other leading fintech companies, including such as Revolut and Monzo has previously conducted successful fundraises,” said Joseph Vallender, co-founder of LandlordInvest.

Read more: LandlordInvest to allow loan extensions

“This funding round will ensure that LandlordInvest can continue building on its phenomenal growth and provide our customers and the wider P2P community the opportunity to become shareholders in the company and to be a part of our exciting journey.”

The fundraising round is publicly available, with a minimum investment of £10. It is set to run until 8 November but could be extended depending on investor appetite, LandlordInvest said.

Last year the platform received an undisclosed amount of seed funding from London property investor Alan Gabbay, director of property investment firm O&H Properties.

LandlordInvest’s loanbook currently stands at just over £5m.

Read more: Landlordinvest hits £5m lending milestone