CrowdLords directly connects people who wish to build and manage a property or to develop property, with savers looking for secured investments.
The spike in investor numbers has led to increased activity on the platform, with over one hundred and fifty investors pledging more than £500,000. Over a hundred prospective landlords/developers have also recently joined the CrowdLords platform.
CrowdLords has recently launched its second round of funding on Seedrs – set to end in July, aiming to raise £200,000 to extend the platform and scale the business as it continues to attract greater interest from both landlords/developers and investors.
Richard Bush, co-founder of CrowdLords, said:
“It’s encouraging to see numbers growing on both sides of our innovative residential equity crowdfunding model. The attraction is clearly down to the range of investment opportunities on offer for CrowdLords members.
"At CrowdLords we recognise that not all investors are the same. As a result, one of our primary objectives is to offer choice and diversification. We achieve that by working with different types of LandLords and Developers, across the country with different types of properties and investment structures, essentially letting the crowd decide, as opposed to other platforms that dictate the investment guidelines. We feel this has the effect of giving investor’s peace of mind that they are truly in control of their investments."
