CapitalRise, a property investment platform, has secured GBP1 million in backing from Revolt Ventures, the venture capital arm of real estate investment manager, Meyer Bergman.
This follows CapitalRise’s successful Seedrs crowdfunding raise earlier this year and brings the total funds raised to GBP3.3 million.
CapitalRise’s CEO and Co-Founder, Uma Rajah, says: “To receive backing from such eminent investors reflects sustained confidence in our proposition. Our track record delivering strong returns at an average 10 per cent per annum with zero losses and defaults since inception reflects our vigilance and strict due diligence when it comes to choosing investment opportunities.
“Both CapitalRise and Revolt Ventures are united in their vision to disrupt the traditional real estate market and encourage innovation across the sector. We are excited to join the Revolt Ventures portfolio, and benefit from the expertise and guidance of the experienced Meyer Bergman team.”
CapitalRise will use the funds to drive business activities in order to reach its GBP100 million target of total lending. To date, CapitalRise has lent almost GBP50 million against over GBP330 million of property assets in locations such as Mayfair, Knightsbridge and the Home Counties.
Ted Orf, Co-Founder of Revolt Ventures says: “Revolt is excited to be working with the CapitalRise team and look forward to supporting their work. With such an impressive founding team, their property and fintech expertise has helped them to prove their product-market fit, whilst their strong growth trajectory demonstrates the company’s ability to successfully scale in a competitive market. CapitalRise’s achievements to date are truly impressive, and we look forward to helping them realise their vision as they continue in their remarkable growth.”