{"id":42117,"date":"2023-10-20T15:18:51","date_gmt":"2023-10-20T15:18:51","guid":{"rendered":"http:\/\/startupsmart.test\/2023\/10\/20\/perth-startup-crowdfundup-raises-2-1-million-to-fund-a-big-international-expansion-startupsmart\/"},"modified":"2023-10-20T15:18:51","modified_gmt":"2023-10-20T15:18:51","slug":"perth-startup-crowdfundup-raises-2-1-million-to-fund-a-big-international-expansion-startupsmart","status":"publish","type":"post","link":"https:\/\/www.startupsmart.com.au\/uncategorized\/perth-startup-crowdfundup-raises-2-1-million-to-fund-a-big-international-expansion-startupsmart\/","title":{"rendered":"Perth startup CrowdfundUP raises $2.1 million to fund a big international expansion – StartupSmart"},"content":{"rendered":"
\"\"<\/div>\n

A Perth-based real estate crowdfunding platform has closed a $2.1 million funding round as it readies for a big expansion into China.<\/p>\n

CrowdfundUP, Australia\u2019s first real estate crowdfunding startup, secured the equity funding with Positive Investment Enteprise.<\/p>\n

The platform offers investment selection and management tools for all levels of investors to access property investment opportunities online.<\/p>\n

The startup, which launched in March last year, met with Positive Investment Enterprise co-founder and CEO Ali Mohammed earlier this year, CrowdfundUP founder and managing director Jack Quigley says.<\/p>\n

\u201cI was drawn to Ali\u2019s entrepreneurial success and thought he was someone good to be involved with our business,” Quigley tells StartupSmart.<\/em><\/p>\n

For Mohammed, CrowdfundUP was a \u201cstandout from the start\u201d.<\/p>\n

\u201cBy investing in CrowdfundUP, we envision a strategic partnership from shared values through combined opportunities, enhanced funding capabilities and resource contributions,\u201d Mohammed says.<\/p>\n

\u201cThis strategic partnership will deliver access to new markets and customers, accelerate innovation driven development cycles and improve CrowdfundUP\u2019s competitive positioning in the market.\u201d<\/p>\n

The cash injection will be used to facilitate a rapid expansion into China, with the startup recently taking part in an Austrade mission to the country last year, and Quigley speaking at a conference in Shanghai earlier this month.<\/p>\n

\u201cWe\u2019ll start to do more and more trips to Shanghai,\u201d he says.<\/p>\n

\u201cWe\u2019re now looking at the potential of working with good sister platforms in the Asia marketplace.\u201d<\/p>\n

The funding will also be used for further product development and to ready the company for local competition, he says.<\/p>\n

\u201cWe\u2019re really focused on solidifying our position in Australia,\u201d Quigley says.<\/p>\n

\u201cIn America there are now 150 platforms, and in Australia we\u2019ll see more and more platforms popping up.<\/p>\n

\u201cCompetition is a great thing. Every entrepreneur should welcome competition \u2013 it brings out the best in every entrepreneur.\u201d<\/p>\n

Quigley says other founders and entrepreneurs should look towards Australia\u2019s neighbours in Asia when readying for international expansions.<\/p>\n

\u201cEveryone thinks there\u2019s a great divide between ourselves and China but there\u2019s really not,\u201d he says.<\/p>\n

\u201cIt\u2019s a short flight \u2013 there\u2019s a lot of trade being done with our neighbours in Asia. If you put yourself out in the world business can be done.\u201d<\/p>\n

In terms of fundraising, it\u2019s important for founders to know what they\u2019re getting themselves into, he says.<\/p>\n

\u201cDon\u2019t try to be something that you\u2019re not,\u201d Quigley says.<\/p>\n

\u201cIf you go in as yourself then if it\u2019s meant to work, it\u2019ll work.<\/p>\n

\u201cIt\u2019s literally a grind. Being a startup founder is the best job in the world but it can also be one of the loneliest.<\/p>\n

\u201cYou need a good team around you and you need to be prepared and know what you\u2019re getting into.\u201d<\/p>\n

Follow StartupSmart on<\/em> Facebook,<\/em> Twitter, LinkedIn.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

A Perth-based real estate crowdfunding platform has closed a $2.1 million funding round as it readies for a big expansion<\/p>\n","protected":false},"author":2,"featured_media":60522,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11,1],"tags":[],"_links":{"self":[{"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/posts\/42117"}],"collection":[{"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/comments?post=42117"}],"version-history":[{"count":0,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/posts\/42117\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/media\/60522"}],"wp:attachment":[{"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/media?parent=42117"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/categories?post=42117"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/tags?post=42117"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}