On Tuesday, Australia’s equity crowdfunding platform VentureCrowd announced the closing of Clearstate’s recent deal, which secured $1 million in four hours. The end-to-end property development company took to the funding portal to raise $900,000 for residential property development in Sydney.
According to a press release provided by the companies, VentureCrowd and Clearstate teamed up to provide eligible investors with access to equity in the $13.4 million Garfield Road property development in Riverstone East, located 45 minutes northwest of Sydney. The two companies confirmed that the $900,000 funding round gives investors a total of 49 per cent equity in the residential project, where the block of land will be subdivided for 35 new homes. The targeted returns for investors exceed 100%.
Rob Nankivell, CEO of VentureCrowd, stated:
“We believe this is the first online platform based equity raise for a residential subdivision in Australia. Crowdfunding has raised an estimated US$2.5 billion for real estate globally and is only expected to grow substantially in the future. Though Australia is lagging behind the world when it comes to innovative funding mechanisms, the Riverstone East project proves that wholesale investors are not. Wholesale investors are ready and willing to invest and gain access to alternatives within the Australian property sector at an early stage on an aligned basis with the developer. We expect this to continue with a number of similar investment opportunities in the coming months.”
Lachlan Cameron, Commercial Director of Clearstate, commented:
“After undertaking several property subdivisions across Sydney and Melbourne we looked at the Riverstone project as an opportunity to provide investors with an avenue to access projects and potential returns they otherwise couldn’t access on their own. It is exciting to see property crowdfunding of this type in Australia as it has had a lot of success overseas. VentureCrowd has the intellectual property and experience in both investment and property. Clearstate’s land subdivision expertise, combined with VentureCrowd’s agility to provide access to funds and investors, is a recipe for project success. We expect this to be the beginning of a long and successful partnership.”
The Riverstone East project is reportedly the latest in a number of alternative asset class investments offered on the VentureCrowd platform. The project is due for completion in mid-2017.
Have a crowdfunding offering you'd like to share? Submit an offering for consideration using our Submit a Tip form and we may share it on our site!
Sponsored Links by DQ Promote
Reg A - Form 1-A Filings Beta
Beta. Initial Form 1-A only. Target raise is the stated Amount to be Raised, totaled. Compared with the same dates one year earlier.
YTD: Jan 1, 2026 - Oct 26, 2026 vs Jan 1, 2025 - Oct 26, 2025
Share this graph
Number of Filings131Prior 126 +4.0%
Target Raise, Total$3.40BPrior $3.54B -3.9%
This YTD
Year prior
Change
Filings
131
126
+4.0%
Target raise
$3.40B
$3.54B
-3.9%
Sponsored by
the Crowded Media Group
the leading digital news service covering the global Fintech Industry, including digital assets, crowdfunding, tokenization, and other innovations in capital markets. email us@CrowdfundInside
This display counts initial Form 1-A filings only. It does not represent subsequent filings, including Form 1-A/A amendments or Form 1-A POS post-qualification updates filed by the issuer. Amounts are the stated Amount to be Raised on the initial filing, not capital raised and not amounts revised in later filings.
Crowdfund Insider is the leading news website covering the emerging global industry of disruptive finance including investment crowdfunding, Blockchain, online lending, and other forms of Fintech.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it and agree to our terms of service.
On Tuesday, Australia’s equity crowdfunding platform VentureCrowd announced the closing of Clearstate’s recent deal, which secured $1 million in four hours. The end-to-end property development company took to the funding portal to raise $900,000 for residential property development in Sydney.“We believe this is the first online platform based equity raise for a residential subdivision in Australia. Crowdfunding has raised an estimated US$2.5 billion for real estate globally and is only expected to grow substantially in the future. Though Australia is lagging behind the world when it comes to innovative funding mechanisms, the Riverstone East project proves that wholesale investors are not. Wholesale investors are ready and willing to invest and gain access to alternatives within the Australian property sector at an early stage on an aligned basis with the developer. We expect this to continue with a number of similar investment opportunities in the coming months.”
“After undertaking several property subdivisions across Sydney and Melbourne we looked at the Riverstone project as an opportunity to provide investors with an avenue to access projects and potential returns they otherwise couldn’t access on their own. It is exciting to see property crowdfunding of this type in Australia as it has had a lot of success overseas. VentureCrowd has the intellectual property and experience in both investment and property. Clearstate’s land subdivision expertise, combined with VentureCrowd’s agility to provide access to funds and investors, is a recipe for project success. We expect this to be the beginning of a long and successful partnership.”
