Propellr, an accredited investment crowdfunding platform focusing on the real estate sector, has now registered as a broker-dealer. Simultaneously, via a small group of existing investors, Propellr has raised $1.6 million in convertible debt. Proceeds from the new funding will be utilized for business expansion including compliance and engineering.
Todd Lippiat, founder and CEO of Propellr, said they were experiencing “impressive traction.”
“Alternative investing is going through a significant transformation driven by new regulations, consumerism and technology. We help enable this transformation by empowering institutions and individuals to make informed investment decisions with access to meticulously curated opportunities. Propellr’s singular focus to date has been to build an exceptional platform for high-quality investment opportunities. Now that we have the critical pieces in place, we believe it’s the perfect time for us to open the door to new investors and issuers.”
Propellr reports that over the past two years average net returns have hit 17.3%. To date, 20 transactions have taken place on the platform raising over $50 million. Total capitalization of all properties is said to be at $480 million. Propellr, while having focused solely on real estate, said it intends to broaden its approach and is in the “process of rolling out multiple innovative alternative asset classes previously limited to a select few.”
Since inception, by working with high-quality sponsors, investment opportunities offered on the Propellr, LLC platform have achieved an average net return of 17.3%. The platform has successfully given investors access to 20 transactions, raising over $50 million, with a total capitalization of $480 million averaging $2.5 million per transaction. While currently focused on real estate investment opportunities, Propellr, LLC is in the process of rolling out multiple innovative alternative asset classes previously limited to a select few.
