CrowdProperty, a leading platform-based provider of property development finance, has recently announced securing a £3 million investment from Flow Capital Corp, a Canada-based firm. This infusion of capital is poised to fuel CrowdProperty’s ongoing innovation and expansion initiatives.
Established in 2014, CrowdProperty has demonstrated consistent growth and development, earning accolades such as inclusion in the FT1000 Europe’s Fastest Growing Companies list for three consecutive years and The Sunday Times 100, recognizing Britain’s fastest-growing private companies.
Over the span of a decade, CrowdProperty has facilitated the development of 3,542 homes across the UK, totaling £842 million in property value. With £482 million in facilities already agreed upon, the company continues to address the pressing demand for housing stock in the UK.
The £3 million investment will be allocated towards enhancing CrowdProperty’s platform and application processes, as well as expanding the team across all business functions over the next three years.
Mike Bristow, CEO at CrowdProperty, expressed enthusiasm about the funding, emphasizing its validation of the company’s current offerings and future growth prospects. He highlighted the commitment to supporting SME property developers by providing timely financial solutions, while also nurturing the growth of other stakeholders.
Damon Walford, Chief Commercial Officer at CrowdProperty, noted the strategic advantage gained through Flow Capital’s backing, enabling accelerated investment in the business. He underscored CrowdProperty’s position to capitalize on a fragmented market and further solidify its presence as a dominant player.
Flow Capital Corp, a renowned provider of flexible growth capital and alternative debt solutions, underscores its confidence in CrowdProperty’s trajectory with this investment.
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By Proptechbuzz
By Ravi Kumar
