DomaCom $1.3 million placement oversubscribed

Fractional property investment platform DomaCom have announced it has secured $1.315 million in funding through the placement of shares.

The 13,150,000 shares were snapped up by investors at 10 cents a share.

The placement was filled by existing and new investors and includes an institutional equity fund manager who is taking a position in DomaCom for the first time.

DomaCom CEO, Arthur Naoumidis said, “It is pleasing to have received the support of existing and new shareholders at this pivotal time in our history and I now look forward to focussing on growing our business.”

DomaCom recently announced it was partnering with a big four bank on a fractional property investment pilot.

The announcements comes after DomaCom secured the first crowndfunded mortgage backed loan.