Proptech secures over £2m investment from Seedrs campaign
A specialist property finance platform has closed a multi-million pound fundraise to manage growing demand from investors and developers.
CapitalRise has secured £2.3m investment on crowdfunding platform Seedrs in order to access the government-backed Future Fund.
The firm smashed its £1m target within hours of its fundraise going live, with the campaign being the 14th largest on the platform in 2020.
Launched in 2016, CapitalRise has provided funding against £456m of prime real estate assets to date.
CapitalRise plans to use the additional funding to accelerate growth by expanding its product range and team.
Uma Rajah, CEO and co-founder of CapitalRise, commented: “I would personally like to thank everyone who has become a CapitalRise investor and I look forward to sharing future successes with you as we grow the business.
“The huge demand of investors in the CapitalRise business has been incredible, and the success of this fundraise is a fantastic start to 2021. The prime property market remains resilient in the face of uncertainty with experts anticipating growth across this year – as is evident in the continued demand for our services.
“The funds raised will allow us to capitalise on demand, scale our successful business and continue to provide high-quality service to both new customers and developers on our platform.”
Clement Bigot, investment manager at Seedrs, added: “We’re delighted to see CapitalRise’s popularity as one of our most successful raises on the Seedrs platform. I’d like to congratulate the team on an outstanding result.
“As the 14th largest raise on Seedrs in 2020, CapitalRise raised more than double their original target within weeks of launching the raise.
“This marks another successful Future Fund campaign conducted through Seedrs, and we’re proud to be able to support businesses during these unprecedented times.”
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