Capital Rise raises new equity funding
The property-focused lending platform also raised money via Seedrs earlier this and is setting ambitious targets to double lending in the near term.
CapitalRise has raised £1m equity funding from Revolt Ventures to accelerate the growth of its property lending business past the £100m milestone.
To date, CapitalRise has lent almost £50m against over £330m of property assets in locations such as Mayfair, Knightsbridge and the Home Counties.
The platform also raised money via equity crowdfunding on Seedrs earlier this year, bringing the total funds raised in this round to £3.3m.
Revolt Ventures is the venture capital arm of multibillion-dollar real estate investment manager, Meyer Bergman. With over $6bn of funds under management, Meyer Bergman’s work includes the repositioning of Burlington Arcade.
CapitalRise’s CEO and Co-Founder, Uma Rajah, said, “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.