CrowdProperty, a London, UK-based P2P property lender, closed a £1.089m equity funding.
The round was raised via 575 backers on based on Seedrs.
The company, pre-money valued at £15.7m, will use the funds to continue to expand its business reach.
Led by Mike Bristow, Chief Executive Officer, CrowdProperty offers a full suite of property project funding, catering for all of the project finance needs including development finance, refurbishment finance, bridging finance, development exit finance and auction finance. It reviews any situation and develops blended product or customized funding proposals based on the specific needs of a project while giving investors inflation-beating interest.
The company recently announced the backing of a major financial institution to lend up to £100m of loan capital to its expertly curated property projects over the coming 12-24 months and the launch of a new AutoInvest product.