Investment in the Perth-based start-up has been led by Positive Investment Enterprise, an asset development and management conglomerate with interests in a range of sectors throughout Australia, China and the US.
CrowdfundUP was founded in 2012 and gives investors online access to premium property development and investment opportunities across Australia. The site allows investors to browse and select opportunities for their preferred investment budget from around the country and then submit them to the CrowdfundUP platform for review.
Founder and managing director of CrowdfundUP Jack Quigley said the start-up was looking for increased independence and the opportunity to expand.
"Our major goal is to increase our funding volume substantially to in excess of $50 million and we want to establish an underwriting fund so we can instantly approve opportunities and we can be an alternative lender ourselves and not just rely on the crowd," he said.