CapitalRise Surpasses £1.5m Funding Target

CapitalRise’s pitch to raise £1.5m in equity funding on Seedr has already surpassed its initial target, raising almost £1.75m todate.

CapitalRise is an online platform allowing property borrowers to raise finance quickly and efficiently while investors obtain what it calls ‘market leading returns of 8-12% per year’ from secured lending to prime real estate. It aims is to provide investors with access to institutional grade real estate which was previously only available to those with millions to invest.

CEO & Co-founder Uma Rajah says this funding round will be used to widen the company’s audience of investors, as well as make larger property loans: “We’re humbled by the show of support already received from our community, and now look forward to introducing the business to an even wider audience of crowdfunding investors through the Seedrs platform.

“Whilst this raise will be used to expand the business, this year we are also looking to write increasingly bigger ticket loans, whilst ensuring we never compromise on the quality of assets we lend against, so that we can maintain our impressive track record.”

CapitalRise’s initial funding target was quite modest given the size of the property finance market. However, investors who are willing to invest through crowdfunding have no shortage of places to put their money right now, so the fact it has been exceeded could be seen as a vote of confidence in the model.

Source Crowdfund Insider
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