CrowdfundUP, Australia’s first real estate crowdfunding platform, has successfully closed a $2.1 million funding round in preparation for its expansion into China. Positive Investment Enterprise, co-founded by CEO Ali Mohammed, provided the equity funding.
CrowdfundUP offers online property investment opportunities and management tools for investors of all levels. The cash infusion will be used to rapidly expand the business into China and further develop its product, while also preparing for local competition.
CrowdfundUP recently participated in an Austrade mission to China and is looking to work with sister platforms in the Asian market. The founder and managing director, Jack Quigley, advises other entrepreneurs to focus on Australia’s neighboring Asian markets when preparing for international expansion.
