CapitalRise exceeds £1.5m crowdfunding target in less than a week

Digital property investment firm CapitalRise reached its fundraising target just four days after the launch of its crowdfunding campaign.

Through equity platform Seedrs, the company reached its crowdfunding goal of £1.5m in less than a week, and is now open to over-funding from investors.

Launched in 2016 by the founders of real estate design and development firm Finchatton, CapitalRise uses financial technology to provide asset-backed investment opportunities and borrowing solutions.

Having already provided over £25m worth of borrowing against properties in Mayfair, Knightsbridge and the Home Counties, the business plans to use the funds raised for business development and staff expansion, with ambitions to reach total £100m of total lending.

Uma Rajah, co-founder and CEO of CapitalRise, said: “This fundraise will allow us to build on our success and give many existing CapitalRise investors the opportunity to purchase equity in the company they have helped grow.

“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.”