Property investment company the House Crowd has announced surpassing the £10 million mark in funds raised since its launch in 2012. The platform uses crowdfunding to raise capital to invest in property which is then refurbished. In September of 2014, House Crowd released it had bought 78 properties investing around £ 5 million.
The Hale, UK based company allows investors the opportunity to invest as little as £1000 in the property market via their site. To date the House Crowd has purchased and refurbished 121 rental properties.
Frazer Fearnhead, MD of the House Crowd said; 
“We’re thrilled to have reached such a significant milestone in such a short space of time. Crowd funding provides the opportunity for hassle free investment, and we’re confident that The House Crowd will continue in its popularity in a market the UK is fascinated with: property.”
“We speak with investors on a daily basis frustrated with their banks or poor levels of interest in their savings account. By offering a platform for investors to pool their resources, we allow people the opportunity to take a stake in the property market to boost the money they would otherwise have sitting around doing nothing.”
The House Crowd claims the title of “first crowdfunded property investment vehicle. The company has won and been nominated for a string of national awards.