Property Moose, a property focused crowdfunding platform, has secured £850,000 of equity funding from RCP Holdings, a Guernsey-based Asset Management firm. DFI Financial Services Limited, DBA as Property Moose, has now raised more than £2 million since its inception in 2013. Several years ago, Property Moose raised seed funding on Crowdcube.
Property Moose, with offices in Liverpool and the City of London, allows its members to invest online in residential property and secured loans from £10.
The funding round, which actually completed in May, was described as indicating support for the Property Moose model and team. The firm, which now has more than 24,000 members in 130 countries, views the investment as an endorsement of its strategic vision and growth to date. Property Moose also operates a secondary market for their listings allowing investors to exit their investment anytime if there is a willing buyer.
“The continuing support of our early members and backers has allowed Property Moose to evolve into a much-loved investment portal. I believe our customer-centric vision is shared by our new investors, and we plan to continue to innovate by creating new investment products and market-leading investment technology,” said Andrew Gardiner, Property Moose founder and CEO.
The most recent investment will be utilised to sustain momentum, develop new products, and make key strategic hires.
Chairman, Darren Schindler, previously Managing Director of Business & Commercial Banking at Metro Bank, explained that Property Moose has focused on building an investment environment that can allow members to participate in secured investments, backed by UK property, and target potential returns that exceed those offered by much of the market.
“A number of investments have already been concluded in 2017, and positive returns have successfully been delivered to members,” said Schindler. “The team plans to build on the success to date and have ambitious plans for the rest of the year, as we aim to be at the forefront of the global crowdfunding industry.”
Since Property Moose’s crowdfunding round the company has closed 4 further rounds of investment from institutional venture capital firms, family offices and individual investors.