CrowdProperty’s Seedrs campaign smashes target to raise £1.1m
CROWDPROPERTY has raised almost £1.1m from its crowdfunding campaign, which was 81 per cent oversubscribed.
The peer-to-peer property lender launched its equity fundraising campaign on Seedrs last month, with an original target 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.
The announcement follows recent news that an unnamed financial institution has committed to lend £100m via the platform over the next one to two years.
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