London real estate investment platform closes £3m funding from global investors
A London real estate investment platform has raised its first tranche of £3m via a global pool of investors at a company valuation of £49m.
Shojin Property Partners, is an FCA-regulated online proptech that lowers the barriers to entry for individuals across the globe looking to access institutional-grade real estate investment opportunities in the UK.
The funding will be used to grow Shojin’s operations team with new hires in deal origination, marketing, technology and risk management as it ramps up global expansion plans.
Alongside a £5m underwriting facility provided by a London-based family office with a provision to increase it to £10m, the business is able to guarantee funding for mid-market real estate investment opportunities before they go live to investors.
The company has experienced substantial growth in the past 12 months, and has just launched the next tranche of funding to raise a further £2m at a £55m valuation. The additional £2m corporate raise will primarily be invested into the company’s data-driven marketing campaigns as Shojin sets its sights on new investment opportunities across the globe.
“Typically, such institutional-grade property deals are only accessible to the top 1 per cent of the world’s population, who control 45 per cent of global wealth. Shojin enables intelligent investors from over 40 countries to access this market from as little as £5k. To date, Shojin has raised over £38m across 30 projects.
Jatin Ondhia, CEO, Shojin Property Partners, said: “As a business, we’re at a very exciting inflection point. Having made our first investment outside of the UK and with substantial resources in place, we’re ready to begin our scaleup journey.
“One of the challenges ‘concept’ startups face in the UK is that investors still undervalue high-potential businesses, insisting on profitability which in turn can stunt growth potential.
“Thankfully, Shojin is already a profitable business which is why we have made the decision to hire for growth while allocating £1.7m of the corporate raise to direct response digital marketing as we continue our growth.”
Want your business, product or service to be seen regionally and nationally? Bdaily helps you get your story in front of the right audience, every day. Find out how Bdaily can help →
Join more than 55,000 subscribers by signing up to our daily bulletin each morning here.
Enjoy the read? Get Bdaily delivered.
Sign up to receive our popular morning London email for free.
From economic engine to community ecosystem
Improving North East transport will improve lives
Unlocking investment potential before year end
Give us certainty to deliver better homes
Hormuz: Safe passage - not insurance - the issue
Don't get caught out by employment law change
When literacy thrives, our businesses thrive too
Building a more diverse construction sector
The value of using data like a Premier League club
Raising the bar to boost North East growth
Navigating the messy middle of business growth
We must make it easier to hire young people