LOS ANGELES OCT 17, 2014 – Patch of Land, one of the fastest growing debt-focused real estate crowdfunding platforms, is now publicly fundraising its seed round. To facilitate this process, Patch of Land is working with SeedInvest, a leading equity crowdfunding platform.
Patch of Land has been operational for 12 months, and is one of the leading real estate crowdfunding platforms where thousands of investors go to invest in short-term debt for residential and commercial rehabilitation and bridge loans. With over $8.7 million funded across 43 loans in 8 States, Patch of Land has positioned itself at the forefront of the industry through its focus on fundamentals, proprietary technology, and modular, scalable systems.
In order to facilitate public fundraising for its seed round, Patch of Land is working with SeedInvest, a leading equity crowdfunding platform with over 5,000 registered, accredited investors. SeedInvest provides qualified investors with access to highlyvetted startup investment opportunities and a few months ago, utilized its own platform to quickly raise $2.15 million of its $4.15 million Series A.
“SeedInvest and Patch of Land both exist within the new space created after the SEC lifted the ban on general solicitation under Regulation D of the Securities Act, in September 2013. Both of our companies have been successfully blazing trails in our respective sectors,” said Jason Fritton, CEO and Co-Founder of Patch of Land. “We are excited to be working with SeedInvest to ‘crowdfund’ our own crowdfunding company. We want to use Title II of the JOBS Act not only for funding our own offerings online, but in the true spirit of crowdfunding, to give qualified, accredited investors an opportunity to be part of our strong growth and success.”
“We are honored that Patch of Land chose to use SeedInvest to conduct its online fundraise,” said Ryan Feit, CEO and Co-Founder of SeedInvest. “Given that Patch of Land and SeedInvest both opted to conduct our own fundraises publicly, we are clearly big believers in the power of public fundraising.”
To learn more, visit http://seedinve.st/patchofland.
Patch of Land is a Peer-to-Real-Estate (“P2RE”) lending marketplace that matches accredited investors seeking high-yield, short-term, asset-collateralized investments to borrowers seeking more timely and consistent sources of funding for rebuilding properties across America.
Patch of Land addresses the problem of inefficient, fragmented, and opaque real estate private lending by using technology and data-driven processes to efficiently, transparently underwrite loans at scale for borrowers with real estate projects that are routinely bypassed by traditional lenders. For more information about Patch of Land, and to register as an investor or as a borrower, visit www.patchofland.com.
About SeedInvest
SeedInvest is a leading equity crowdfunding platform that connects investors with high quality startups. SeedInvest provides investors with insider access to highlyvetted startup investment opportunities and makes investing in startups as easy as buying a share of stock. Since launching in 2013, SeedInvest has attracted thousands of investors who are collectively looking to invest over $250 million in startups. For more information or to sign up for free, please visit www.SeedInvest.com.
