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eMoov Raises Record £2.6m Through Crowdfunding
This article is an external press release originally published on the Landlord News website, which has now been migrated to the Just Landlords blog.
eMoov Raises Record £2.6m Through Crowdfunding
Online estate agent eMoov has raised a record amount through its crowdfunding pitch, which closed last night.
The bid ended with a huge £2,615,530 from 795 investors. The largest single investment was £575,000. With minutes to go before the deadline, investors were still adding to the funds.
The amount raised was much higher than the initial £1m target, taking eMoov’s fundraising much further than other online agents.
Last year, easyProperty raised £1.35m through crowdfunding.
The original crowdfunding pitch valued eMoov at £20m.
Although higher amounts have been raised via crowdfunding, eMoov has easily beaten other estate agents and property-related businesses, setting a UK and Europe-wide record.
