VentureCrowd grows with SMSF Properties Australia acquisition
VentureCrowd is now the largest crowdfunding platform in Australia by volume of capital raised following its acquisition of SMSF Properties Australia.
The consolidated group brings together VentureCrowd, a more traditional crowdfunding platform, with SMSF, a crowdfunding model for property investment and development.
The deal creates a new entity with over 37,000 investors, representation in Brisbane, Sydney and Melbourne, and over $98 million capital raised in total. Business News Australia can reveal that the merged entity is valued at $36 million.
VentureCrowd now offers investment opportunities in venture capital, property development, and fixed income credit.
The company says it will now be the first equity crowdfunding platform to offer a green field property fund with an annuity-style return.
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