Record £17 million crowdfunded by UK property start-ups so far this year

first_imgThe amount of money raised by property industry start-ups pitching on the UK’s two key crowdfunding platforms has increased dramatically this year when compared to 2017, The Negotiator can reveal.Property companies have so far raised £17.4 million on and, an almost five-fold increase on last year’s fund raising of £3.83 million.The huge increase in crowdfunding has included several high-profile pitches from online estate agent which in September raised £914,230 compared to £395,480 last year, both on Crowdcube.Also, eMoov raised £1.84 million in July and Airbnb management platform Airsorted raised £7.19 million in March.Crowdfunding rushOther companies successfully raising funds have included property investment funds, proptech companies, and both hybrid and online agents including Howsy, Vesper Homes, SPCE and BrightLet, whose crowdfunding effort has yet to close but has raised £52,012 so far.A company specialising in house raffles recently raised £268,200 on Seedrs, on which proptech firm MoveBubble also raised £825,000 and tenant lettings finding service Urban Collective raised £282,871.Not all crowdfunding efforts are serious. On which is a more social and personal crowdfunding platform, a pop band called The Wharves recently raised £1,087 after damaging a Mercedes car owned by an estate agent in London.Who has raised what during 2018?British Pearl £2mEmoov – £1.84mPropity – £389kViewber – £245kHousers – £40kLandlordInvest – £300kRaffle House – £260kUrban Collective – £282Movebubble – £824kAirsorted – £7.2 millionInfabode – £760kHowsy – £686kCrowd Property – £874kVesper Homes – £121kSPCE – £274kBrightlet – £52kBrickOwner – £176kproptech movebubble seedrs cr Crowdcube crowdfunding doorsteps Emoov Urban Collective funding October 29, 2018Nigel LewisOne commentJesse van Dijk, MadeComfy MadeComfy 15th November 2018 at 10:21 pmI really like how crowdfunding helps start-up to get started. Really nice to see how an Airbnb management company like airsorted raised such an amount of money. in to ReplyWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles Letting agent fined £11,500 over unlicenced rent-to-rent HMO3rd May 2021 BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021 Home » News » Record £17 million crowdfunded by UK property start-ups so far this year previous nextProptechRecord £17 million crowdfunded by UK property start-ups so far this year2018 is already a bumper year for funding sourced via crowdfunding platforms such as Seedrs and Crowdcube, our research shows.Nigel Lewis29th October 20181 Comment2,530 Viewslast_img read more