British Pearl, a UK-based property crowdfunding platform offering both debt and equity investments, is now seeking £2 million through its equity crowdfunding campaign on Seedrs. The launch of the campaign comes less than six months after the funding portal secured 7 million through an investment round led by Lord Stanley Fink.
Founded in 2010, British Pearl describes itself as an online property investment platform facilitating share and loan-based investment in UK property. The platform claims its site is helping revolutionize the way people invest in property by facilitating investment in buy to let and development projects for as little as £100, as either shareholders or lenders, while also enabling developers to raise equity and debt funding.
“British Pearl is a directly FCA authorised property investment platform, transforming the way people can invest in property. We aim to make property investment affordable, easy and liquid.”
British Pearl also reported that it provides its investors the ability to fine-tune their investments to meet their risk/return needs. At the time of the investment, Lord Fink stated:
“I’m backing British Pearl and UK property for three reasons: first, the country is in desperate need of new homes, which the Government is working hard to provide, so the fundamentals are strong and the property market still presents many attractive opportunities. Second, property has been one of the most consistent, profitable and trusted asset classes in recent times and, third, British Pearl is not only making property investment accessible but giving people two different ways to invest in it through one platform. We know investors don’t always want all their money tied up in property equity investment, so we’re giving them the option to diversify their portfolio into debt within the same platform. My investment in British Pearl is my own personal vote of confidence.”
Funds raised will be used for working capital purposes and allocated as follows:
- 38% Software development
- 35% Sales & Marketing
- 10% Property Department
- 5% Professional services
- 12% Other costs
Since its launch, the British Pearl’s campaign has raised more than £1.9 million from nearly 380 investors. It is set to close later this fall.
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