Jasper raises $2.3M seed to help you grow your wealth through commercial real estate investment
The Jasper team is thrilled to announce we have raised $2.3 million of seed funding, led by M7 Real Estate and existing investors Icehouse Ventures and James Property Group. This will accelerate our growth plan as we look to democratise commercial real estate investment globally.
Commercial real estate is one of the most important asset classes for growing long-term generational wealth. However, significant barriers to entry exist for budding property moguls. Direct ownership of commercial real estate requires a large amount of cash for a single asset and high levels of expertise are required to source and evaluate opportunities.
Jasper allows investors to purchase fractional ownership in high-quality commercial properties using a fully digitised on-boarding, accreditation and subscription process. We also plan on providing a secondary market, allowing investors the potential to sell their equity to other investors, giving unprecedented liquidity in a traditionally illiquid asset class.
To fuel this ambition, we have raised a total of $2.3M in seed funding led by M7 Real Estate, a leading European investment and asset manager with €8.5 billion of assets under management.
We are fortunate to have partnered with great investors like M7 and Icehouse Ventures who share our vision and continue to support and accelerate our momentum.
Mark Campbell, our co-founder and CIO says, “M7 is an established European business and their support shows that those at the forefront of the industry see a changing property investment environment led by technology.”
Richard Croft, CEO at M7 Real Estate says, “As an investor and asset manager we recognise the value of Jasper’s technology-led marketplace and the potential impact it will have on the commercial property sector.”
“We’ve seen strong global demand for attractive yields and believe the Jasper platform will provide a significant new opportunity for these investors going forward. We love what the team at Jasper are building and are excited to be joining them on this journey.”
Jasper is launching in New Zealand and Australia this year, with expansion planned for Asia-Pacific, Europe and the US within the next three years.
It's a new and better way to invest in real estate.
CEO & Director, Jasper
Published September 12th, 2019