Liverpool’s Crowd Fin, trading as Property Moose, has closed a deal with a venture capital investment syndicate led by The North West Fund for Digital and Creative.
Property Moose operates a crowdfunding platform that matches potential investors with available buy-to-let opportunities, recently making a deal for a further £400,000 investment from the North West Fund.
Property Moose helps investors source investment-worth properties, assembles syndicates, and then makes transactions regarding acquisition and funding before managing properties on behalf of investors. This approach has garnered many interested parties and Property Moose has already finalised several crowd-funded property deals.
Property Moose was founded in 2013 by former merger for acquisitions lawyer Andrew Gardiner, who previously raised funding for the venture through crowdfunding. This investment from the North West Fund will allow the company to establish a permanent office, make further appointments, and refine its digital platform and user interface.
Director and co-founder Andrew Gardiner said:
“This investment represents a huge step forward for Property Moose. Not only has it supported the opening of our new Liverpool headquarters and the creation of 10 new jobs in the city, it will accelerate the pipeline of investment opportunities that we will be able to offer our members across the country.
“Crowdfunding is a passion for us and we believe that propertymoose.co.uk is a durable, sustainable and profitable platform for our members to spread risk by investing in bricks and mortar from just £500.
“This transformative deal will enable us to keep growing our community of successful, like-minded investors and also develop some very exciting ideas that we have that will further set us apart from the competition.”
Alun Lucas, investment manager, AXM Venture Capital, which manages The North West Fund for Digital & Creative, said:
“Property Moose is a great example of how our fund can assist in the evolution of a growth company, bridging the funding gap that follows initial angel investment.
“Our finance will allow the company to build up its North West infrastructure and technology to properly capitalise on its leading position in this massive potential market.”
Words: Peter Cribley