Less than a year after securing £763,043 through its previous Seedrs round, real estate source platform, Infabode, has returned to the equity crowdfunding platform and has already surpassed its initial £100,000 funding target.
As previously reported, Infabode reported that it connects its community of users with industry information from the real estate sector on one customizable online platform. Infabode’s platform has more than 450 content providers and over 17,000 members.
“Infabode aims to reduce the amount of time people spend trying to access key information from the Real Estate industry and allows its community of members to customise the content that they have access to. Companies provide their industry information and data to Infabode in exchange for the increased marketing reach. The platform boasts over 400 industry partners and thousands of pages of industry data.”
During the company’s funding round last year, CEO of Infabode, Matthew Partridge, reportedly stated:
“We quickly identified that this problem was especially an issue in the Real Estate industry. Thousands of companies were releasing valuable industry information & data for marketing purposes but only to their existing clients. The problem with this was two-fold… it was hard for companies to reach new potential clients & those that were trying to find this information was lost in Google or only getting information from a single source.”
In regards to what the funds from the latest Seedrs round will be used for, the company added:
“The purpose of this bridge round is to enable us to increase the financial resources behind our phase two expansion (user growth). This includes the hiring of marketing professionals and a marketing budget. This bridge financing also allows us more time to hit key APIs ahead of looking to raise a Series A round in the summer.”
Read more here.