Leading pan-European marketplace for short-term, property-backed loans, EstateGuru announced a funding campaign of up to €2M on Seedrs as part of its €5M series A-raise on May 4. The campaign has been a big success with more than €600K invested by close to 800 investors from all over Europe. The minimum target of the campaign was €350K.
“EstateGuru attracted a lot of interest and overperformed even through the deepest curve of the Co-Vid crisis. In these circumstances, people start to value alternative options compared to the mainstream models. Alternative financing is growing rapidly and adding liquidity to the economy during complicated times. The sector will be stronger after the crisis and the share of alternative financing will increase. Money is still there, and people are more eager to look for alternative business models and alternative ideas which could have a positive impact on our future on this planet. Half of the investors are our own users and half are Seedrs users. We are definitely on the right track if we have such loyalty from our own customer base. ”, commented Marek Pärtel, co-founder and CEO at EstateGuru.
Funds from the Seedrs round will be used for three strategic areas: geographical expansion, delivering an ambitious technology roadmap and developing the area of capital markets and institutional investments. EstateGuru aims to further develop its product and business to become the biggest real estate financing platform in Europe by 2025. It will do so by offering the best quality digital experience for its borrowers and investors.
The campaign ends in the upcoming weeks or when the target of €2M is reached.