CAPITALRISE is aiming to double its loanbook after securing £1m of equity funding.
It has been given backing from Revolt Ventures, the venture capital arm of multi-billion-dollar real estate investment manager Meyer Bergman.
Uma Rajah, chief executive of CapitalRise, said the platform will use the funds help the business reach its £100m lending target.
Its loanbook is currently at £50m.
“To receive backing from such eminent investors reflects sustained confidence in our proposition,” she said.
“Our track record delivering strong returns at an average 10 per cent per annum with zero losses and defaults since inception reflects our vigilance and strict due diligence when it comes to choosing investment opportunities.
“Both CapitalRise and Revolt Ventures are united in their vision to disrupt the traditional real estate market and encourage innovation across the sector. We are excited to join the Revolt Ventures portfolio, and benefit from the expertise and guidance of the experienced Meyer Bergman team.”
Ted Orf, co-founder of Revolt Ventures described CapitalRise’s achievements as “truly impressive.”
“We look forward to helping them realise their vision as they continue in their remarkable growth,” he added.