Shojin Property Partners has raised its first tranche of Series A investment, 拢3 million, via a global pool of investors at a company valuation of 拢49m.聽
Having proven substantial growth in the past 12 months, the online real estate investment platform has now launched the next tranche of funding to raise a further 拢2m at a 拢55m valuation.聽
This raise sits alongside a 拢5m underwriting facility provided by a London-based family office with a provision to increase it to 拢10m, which effectively guarantees funding for mid-market real estate investment opportunities before they go live to investors.聽
Having focused exclusively on the UK property market until recently closing its first non-UK real estate investment in Malaysia, the raise will be used to grow Shojin鈥檚 operations team with new hires in deal origination, marketing, technology and risk management as it ramps up global expansion plans.
The additional 拢2m corporate raise will primarily be invested into the company鈥檚 data-driven marketing campaigns as Shojin sets its sights on new investment opportunities across the globe.
The company was created to make investing into mid-market property developments simple and affordable through co-investment while providing developers with a consistent and trusted source of junior finance. Typically, such institutional-grade property deals are only accessible to the top 1% of the world鈥檚 population, who control 45% of global wealth.聽
Shojin enables intelligent investors from over 40 countries to access this market from as little as 拢5,000. To date, Shojin has raised over 拢38m across 30聽 projects.聽
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鈥淎s a business, we鈥檙e at a very exciting inflection point. Having made our first investment outside of the UK and with substantial resources in place, we鈥檙e ready to begin our scaleup journey,鈥� said Jatin Ondhia, CEO, Shojin Property Partners.聽
鈥淥ne of the challenges 鈥榗oncept鈥� startups face in the UK is that investors still undervalue high-potential businesses, insisting on profitability which in turn can stunt growth potential.聽
鈥淭hankfully, Shojin is already a profitable business which is why we have made the decision to hire for growth while allocating 拢1.7m of the corporate raise to direct response digital marketing as we continue our growth.鈥�