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Property peer-to-peer lender Sourced Capital is set to launch a crowdfunding campaign on Seedrs later this summer.
While a fundraising target has not yet been set, any money raised will be used to invest in the platform’s technology and team.
The campaign is scheduled to go live in mid-August, and a priority list has already been set up to allow investors early access to the campaign.
“We are just in the final stages of completing our offering and have launched a ‘coming soon’ with the platform to gauge interest,” said Stephen Moss, managing director of Sourced Capital.
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“I am happy to say that in such a short space of time the level of interest registered has been fantastic and provided us with confidence that investors can see how our business is unique and want to be part of our growth journey.”
Moss added that 60 per cent of the funding raised will be invested in Sourced’s technology, including introducing new features such as auto invest.
The remaining 40 per cent “will be invested in our brilliant team to continue supporting them and growing the Sourced family,” he said.
Since the start of this year, Sourced has closed seven new deals, providing £10.4m of funding to small- and medium-sized property developers.
The platform said it expects to surpass its projections for 2022 with a strong pipeline of new deals in place.
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