London real estate investment platform closes £3m funding from global investors
A London real estate investment platform has raised its first tranche of £3m via a global pool of investors at a company valuation of £49m.
Shojin Property Partners, is an FCA-regulated online proptech that lowers the barriers to entry for individuals across the globe looking to access institutional-grade real estate investment opportunities in the UK.
The funding will be used to grow Shojin’s operations team with new hires in deal origination, marketing, technology and risk management as it ramps up global expansion plans.
Alongside a £5m underwriting facility provided by a London-based family office with a provision to increase it to £10m, the business is able to guarantee funding for mid-market real estate investment opportunities before they go live to investors.
The company has experienced substantial growth in the past 12 months, and has just launched the next tranche of funding to raise a further £2m at a £55m valuation. The additional £2m corporate raise will primarily be invested into the company’s data-driven marketing campaigns as Shojin sets its sights on new investment opportunities across the globe.
“Typically, such institutional-grade property deals are only accessible to the top 1 per cent of the world’s population, who control 45 per cent of global wealth. Shojin enables intelligent investors from over 40 countries to access this market from as little as £5k. To date, Shojin has raised over £38m across 30 projects.
Jatin Ondhia, CEO, Shojin Property Partners, said: “As a business, we’re at a very exciting inflection point. Having made our first investment outside of the UK and with substantial resources in place, we’re ready to begin our scaleup journey.
“One of the challenges ‘concept’ startups face in the UK is that investors still undervalue high-potential businesses, insisting on profitability which in turn can stunt growth potential.
“Thankfully, Shojin is already a profitable business which is why we have made the decision to hire for growth while allocating £1.7m of the corporate raise to direct response digital marketing as we continue our growth.”
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