Vesta, a UK-based online marketplace for buying & selling income generating, residential investment property, has successfully secured its initial £750,000 funding target from nearly 100 investors through its equity crowdfunding campaign on Seedrs.
Founded in 2016, Vesta describes itself as a new, innovative online marketplace for buying, selling and investing in buy-to-let properties backed by a strong team of investors and founders. The company offers low-costs and flexibility of an online estate agent, coupled with the ability to invest into pre-packaged portfolios of buy-to-let properties enabling significant diversification.
“Through innovation and new technologies, Vesta is already transforming the buy-to-let market enabling small and large private landlords, institutional landlords, plus house builders and developers, to sell their UK rental properties faster and more effectively via its online marketplace to individual buyers, private investors or larger institutions.”
The platform also noted it has created a dedicated marketplace that specializes in marketing and selling investment properties with tenants in place.
“This approach preserves rental income for both buyers & sellers, reduces risks by providing key due diligence upfront (including valuation, tenancy information and market data), which helps to avoid surprises and encourages a smoother process to completion. Vesta offers a no gazumping commitment on offer acceptance, charges a low fixed fee to seller & buyer, and create stability for tenants.”
Funds from the Seedrs campaign will go towards the following:
- Build the brand and support marketing campaigns to grow volumes in 2019.
- Expand the customer service, estate agency and analytical teams.
- Expand the engineering team and bring web development in-house.
- Provide extended funding runway (prior to a Series A and potential international expansion in 2019-2020).
The funding round is set to close later this winter.
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