ShareProperty, a new crowdfunding platform that’s dedicated to UK’s real estate, recently debuted its Seedrs initiative to raise £80,000 as it prepares to expand its website.
The new funding portal stated that it is aiming to provide a range of carefully curated investment opportunities. ShareProperty explained with a minimum investment of £100, it will allow any investor to begin the process of building out a property investment portfolio.
It noted during the first twelve months, its team’s strategy is to focus on opportunities in the South West and Wales.
“Our vision at ShareProperty is to offer a seamless interactive property investment platform providing institutional grade investments to our community of shareproperty members.”
The website also explained that each investment is pre-screened to ensure members are only provided with the highest quality of investment opportunities (although there is still risk when investing through any crowdfunding platform and not every investment is successful).
To date, the platform has achieved the following:
- Version 1 of its website is set to launch this summer
- Has 58 registered property developers
- Established partnership and is linked with local Cardiff universities
Funds from the campaign will be used for marketing (40%), platform optimization (20%), legal documents (20%) and working capital (20%). ShareProperty also revealed that some funding will be set aside to hire a chief technology officer (CTO) later this year to lead new feature development.
Since its campaign launch, the company has achieved nearly £50,000. It has until late July to achieve the initial goal.
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