And it’s not one of the well-known platforms
A British property company has just set a new world record in crowdfunding, beating previous highs set by Kickstarter and Crowdcube.
Property partner, which is a crowdfuding site for residential buy-to-let property, raised £843,100 in 10 minutes 43 seconds.
A total of 318 investors raised the funds to buy 42 flats in a converted mill in Lincolnshire yesterday.
This beats the previous record set by Crowdcube with £1.2 million raised in 16 minutes in July 2014. It also beats Kickstarter’s record of $1 million raised in 30 minutes for smartwatch, Pebble Time, set in February 2015.
Daniel Gandesha, CEO and founder of Property Partner said: “We are incredibly excited to have set what we believe to be a new world record. The speed of this crowdfunding demonstrates the power of our platform to make residential property investment accessible to everyone.”