DomaCom reaches crowdfunded property deal
DomaCom has signed an agreement with a property developer to help launch a residential community land project in regional Victoria. The deal with Akuna Lifestyle Estates will involve a $6 million capital raising comprising $1.65 million to acquire the land and $4.35 million for development planning, approvals and construction of the civil works, and common facilities including a clubhouse, sports centre, pool and bowling green, according to a statement. The Cobram-based project is planned to be developed and sold in eight stages over three to four years, starting this year. DomaCom said it will use its fractional property investment platform to offer an attractive yield to investors for acquisition and […]
Crowdfunder signs-off on world-first ag land acquisition deal
THE crowd-funder which made headlines last year when it tried to mount a bid to buy S.Kidman & Co during the pastoral giant’s torturous path to sale has made its first rural property purchase – albeit on a much more modest scale. Crowd-funder DomaCom has finalised its first foray into agricultural assets with a ground-breaking deal that gives 90 smaller retail investors a stake in a high performance grazing property in Victoria’s prime Western Districts. The 150-hectare property, Doyles, just outside Casterton near the South Australian border, is in the undulating heartland of the prime beef and sheep region. Before entering a contract to purchase the property, the fund was […]
VentureCrowd completes first Israeli crowdfunding deal with Knowmail
VentureCrowd, Australia’s leading alternative assets investment platform, today announced the successful completion of a $155,000 crowdfunding round for Knowmail. The company is the first Israeli startup to be funded through VentureCrowd under a partnership with investment management firm Kentgrove Capital. VentureCrowd raised $155,000 in convertible notes, as part of a larger US$3 million funding round led by reputable venture capital firms CE Ventures, AfterDox, Plus Ventures and 2B Angels. The investment gave sophisticated investors on the VentureCrowd platform the opportunity to access convertible notes at an interest rate of 4.5 per cent per annum. Knowmail, one of few startups to participate in the Microsoft Accelerator Program, is creating an artificial […]
VentureCrowd stakes its claim as alternative investment option
Local equity-based crowd-funding platform VentureCrowd and residential property developer Clearstate have closed a second funding round, giving more than 50 investors 49 per cent equity of a development site in western Sydney. VentureCrowd’s crowd-funding platform allows investors to buy equity of a property development before it’s subdivided and sold, and former Credit Suisse adviser Mitchell Hopwood said he invested through his self-managed superannuation portfolio as an alternative to a listed property fund. “The Austral opportunity provided a relatively high, short-term return in a bite-size, easily understandable transaction that is fairly de-risked from an investment perspective,” he said. Mr Hopwood said the crowd-funding platform, believed to be the first of its […]
Crowdfunding start-up DomaCom eyes $100m ASX float
DomaCom, the company that shot to prominence with a crowdfunding campaign to acquire the property assets of the iconic Kidman Station empire, is looking to float as a near $100 million company on the Australian Securities Exchange. The ambitious group is hoping to ride the worldwide popularity of crowdfunding which it has used to set up real estate funds and it plans to extend its reach into the corporate bond market and equity release products. Company founder, Arthur Naoumidis, who also set up the now listed portfolio technology provider Praemium, had previously flagged plans to raise $100m through a float last year but the timing of the IPO was pushed […]
Crowd-sourced quant investment firm Quantopian lands in Australia
Quantopian, the crowd-sourced quantitative investment firm, will launch in Australia this weekend with a series of outreach events for local practicing and aspirational quants. Quantopian, which was founded in the US in 2011, provides an open platform where anyone can research, backtest, and execute their algorithmic strategies. The firm picks the best-performing algorithms and allocates capital to them. The algorithm authors are paid a percentage of profits earned by the algorithm, and retain the rights to it as their intellectual property. An Australian was among the first to receive an allocation from the firm for his algorithm in 2015. In addition to its platform, Quantopian offers free lectures and materials to help […]
DomaCom to crowdfund gay retirement village
Property investor DomaCom is using its crowdfunding platform to raise capital to fund a $25 million gay and lesbian retirement village, proposed near Ballan in central Victoria. In what may well be a world first, the crowdfunding model has been harnessed to drive the staged development of a 120-dwelling estate on 30-acre block, 80 kilometres north-east of Melbourne. “It will be the world’s first retirement village through crowdfunding,” said DomaCom chief executive Arthur Naoumidis. “Let alone being a gay, lesbian, bi and transgender, intersex retirement village: that’s definitely a world first. It’s great. It shows the versatility of our platform.” Already DomaCom is nearing the close of the first $1.5 […]
5 key metrics private lenders are focused on during the COVID-19 pandemic
Private lenders want to partner with experienced developers who have cut their teeth on past projects and learnt from their mistakes and experience.
