The Pavonis Group has closed a seed investment in crowdfunding platform, ProHatch LLC. This round of capital will primarily fuel ProHatch’s platform enhancements for investment crowdfunding and acceleration of their real estate vertical.
ProHatch is a crowdfunding platform built where professionals can come together in one place to create, support and fund responsible social impact, business and community development. The Prohatch team works with the crowdfunding businesses to navigate pre-fundraising, fundraising and post-fundraising activities that are needed to ensure a successful crowdfunding campaign.
“Crowdfunding and the JOBS Act have forever changed the way capital is sourced in the private market, and we see a particular alignment with real estate investment, institutionally and locally. Today is the day the real estate industry has a reason to fully embrace technology,” said Elizabeth Smith Kulik, ProHatch co-founder and CEO.
“We are thrilled to work with Pavonis as a partner at this stage in our growth.” said Jason Kulik, co-founder and Chief Development Officer. “Their deep focus on leading edge real estate industry technology and investment is ideally aligned with ProHatch’s innovative technology and crowdfunding transaction platform.”
ProHatch has differentiated itself from other sites by providing access to a platform of applied mentorship, expertise, education, services, tools and aligned capital. The result is an opportunity for growth oriented enterprises and investors focused on social and financial returns to join a purposeful network unlike any other in terms of the support services it provides to improve the likelihood of success.
“With changes in the JOBS Act, the crowdfunding space is heating up and certain to change the way real estate is financed,” said Mark Kingston, managing partner of Pavonis, who will also be joining ProHatch’s Board of Directors. “However with that dynamic changes and the opening of the market there are risks. We found ProHatch had de-risked the process with the advisory and training tools they have built into their platform, and we wanted to support the professional approach they are pursuing to drive greater efficiency and liquidity into the property market.”
“With over 100 years of combined global real estate, finance, marketing and technology experience resident in our founding team, we intend to be at the forefront of this emerging market to assure the highest standards of quality and professionalism in crowdfinance,” said Barry M. Barovick, ProHatch co-founder and a leader in the global real estate services industry.
