Investorist seeks $7 million for global expansion

Investorist seeks $7 million for global expansion
Investorist seeks $7 million for global expansion

off-the-plan property portal Investorist has launched a B Round Capital Raising, seeking up to $7 million to further expand its global activities.

Investorist, with a valuation of around $30 million, comes with more than $45 billion in apartment listings and over 5,000 customers in 25 countries. 

Headquartered in Melbourne, Investorist was initially bootstrapped by Ellis before attracting seed investment from David Tarascio, chief executive of Salta Capital to fund expansion into China as well as other Australian cities.

The company undertook its A Round Capital Raise in July 2015, raising $ 2.5 million. 

Investorist seeks  million for global expansion

 “We are currently in rapid global scale up mode, and the company is undertaking this next Capital Raise to drive further penetration into new and existing markets and fund the resources necessary to achieve this,” said Jon Ellis, founder and CEO of Investorist (above). 

“In Australia, about 60-70 percent of all apartment sales occur 'Off market' or pre-launch with the remainder sold 'on market' after public launch.

"Whilst our platform has captured a healthy slice of these project listings, we have very ambitious targets, especially for the UK which is double the size of Australia's OTP market, and the US which is five times the size,” he added.

Jonathan Chancellor

Jonathan Chancellor

Jonathan Chancellor is one of our authors. Jonathan has been writing about property since the early 1980s and is editor-at-large of Property Observer.

Tags: 
Off the plan Residential Investment

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