When Crowdfunding Platforms Crowdfund: iFunding Raises $2 Million

It makes sense that a Crowdfunding Crowdfunding Crowdfunding is defined as funding of a project via raising smaller denominations of money across a large body of number of people.New businesses that need access to more capital may also conduct crowdfunding. Generally, crowdfunding is performed through an online community, social media, or crowdfunding websites such as Kickstarter, GoFundMe, and RocketHub. Depending upon which jurisdiction an investor resides within will dictate the sort of restrictions that are applied to the crowdfunding pro Crowdfunding is defined as funding of a project via raising smaller denominations of money across a large body of number of people.New businesses that need access to more capital may also conduct crowdfunding. Generally, crowdfunding is performed through an online community, social media, or crowdfunding websites such as Kickstarter, GoFundMe, and RocketHub. Depending upon which jurisdiction an investor resides within will dictate the sort of restrictions that are applied to the crowdfunding pro Read this Term platform would crowdfund to raise capital for their Startup Startup A company operating within its first stage of investing is known as a startup. While startups may give the impression that the company must be new, that is not always the case.Many companies can have this designation after nearly three years of existence. Typically, a company exits the startup status after a period between 3 to 5 years or after successful funding rounds where capital is acquired. Startups tend to derive out of the belief that there is a demand for a service or product which is c A company operating within its first stage of investing is known as a startup. While startups may give the impression that the company must be new, that is not always the case.Many companies can have this designation after nearly three years of existence. Typically, a company exits the startup status after a period between 3 to 5 years or after successful funding rounds where capital is acquired. Startups tend to derive out of the belief that there is a demand for a service or product which is c Read this Term. Like any other startup, those in the crowdfunding space also benefit from the increased exposure a crowdfund campaign can provide. The latest is real estate crowdfunding platform, iFunding, which successfully reached their $2 million funding goal using Crowdfunder. Of the funds, 40% of the $2 million was raised on Crowdfunder, with the rest coming from other investors.

Calling themselves the Kickstarter for real estate crowdfunding, the iFunding platform allows private investors to invest as little as $5,000 in real estate deals. Since going live in October 2013, customers have funded debt and equity deals of real estate, including land, condominiums and commercial property.

Commenting to Crowdfunder about their crowdfunding campaign, Sohin Shah, COO and Co-Founder of iFunding, stated, “Crowdfunding definitely opened up the floodgates in terms of scaling our fundraising efforts." He added that as the deal was a public fundraise, they were able to use different marketing mediums to drive awareness to the deal such as via their website, television, industry blogs and press releases. Shah stated, “What ultimately brought the most funding was emailing all the accredited investors in our network, which drove a big portion of the investment activity.”