Off the plan property portal Investorist, which has been valued at AUS$30 million, is seeking AUD$7 million to expand its global business.
In the three years since inception, Investorist says it has achieved more than $45 billion in listing and attracted 5000 customers in 25 countries.
The Melbourne based portal was established by property marketing specialist Jon Ellis before attracting seed investment from David Tarascio, Chief Executive of Salta Capital and now also Non Executive Director of Investorist, to fund expansion into China as well as other Australian cities.
The company raised $2.5 million in its A Round capital raise in July 2015.
“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 Ellis, CEO of Investorist.
“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.”