Residential crowdfunding platform CrowdLords has announced it has now attracted an investor base of over 1,500 registered investors…

The spike in investor numbers has led to more than £500,000 being pledged and over a hundred prospective landlords and developers have recently joined the CrowdLords platform.

CrowdLords has also launched its second round of funding on Seedrs which aims to raise £200,000 to extend the platform and scale the business to continue attracting landlords and developers.

Richard Bush, Co-Founder of CrowdLords, said it was encouraging to see numbers grow on both sides of their “innovative residential equity crowdfunding model.”

“The attraction is clearly down to the range of investment opportunities on offer for CrowdLords members," said Richard.

“At CrowdLords we recognise that not all investors are the same.

“As a result, one of our primary objectives is to offer choice and diversification.

“We achieve that by working with different types of landlords and developers, across the country with different types of properties and investment structures, essentially letting the crowd decide, as opposed to other platforms that dictate the investment guidelines.

“We feel this has the effect of giving investors peace of mind that they are truly in control of their investments.”