Jasper, a commercial property company based out of Auckland, New Zealand, has recently announced that that is has raised $2.3 million in seed funding after investment made from M7 Real Estate, a European asset managing firm.
The proptech start-up aims to increase access to commercial real estate opportunities by allowing investors to purchase fractional ownership in assets.
Jasper Co-Founder Mark Campbell says the M7 investment will help to accelerate the democratization of commercial property investment and ensures the business is on track to launch this year.
“M7 is an established European business and their support shows that those at the forefront of the industry see a changing property investment environment led by technology.”
Jasper will use a fully digitized onboarding, accreditation and subscription process. It will offer lower minimums, lower fees and improved liquidity compared to analogue incumbents.
A secondary market will also be provided. This will give investors the potential to sell their equity to other investors, ensuring liquidity in a traditionally illiquid asset class.
M7 Real Estate CEO Richard Croft says that they recognize the value of Jasper’s technology-led marketplace and the potential impact it will have on the commercial property sector.
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