Patch of Land, a national online portal for crowdfunding investment opportunities backed by real estate, announced they have successfully raised $1.2 million in funding through a private investment firm based out of Los Angeles. The capital infusion allows Patch of Land to refine their exclusive platform technology designed to provide a high level of visibility, security and communication with their investor base.
Patch of Land has been hard at work developing their exclusive, in-house feature set and will formally launch later this month with an online portal. “The crowdfunding model is very different from traditional financial services companies, and our technology needs to reflect that,” said Jason Fritton, Co-founder and president of Patch of Land. “We’ve designed our service from the ground up in order to protect, inform and truly engage our clients with the properties they are funding.”
Crowdfunding is the act of pooling together smaller contributions from many different individuals in order to create a larger and potentially more lucrative investment. The practice of crowdfunding an investment is being made possible by sections of the 2012 JOBS Act which create exemptions from the prohibitively costly SEC registration requirements for certain publicly offered securities. “Crowdfunding will completely change the investing landscape, especially for small investors,” Fritton said. “It allows for a level of risk diversification, personal control and transparency that has never been possible in real estate before.”
Patch of Land is expected to launch their first set of real estate investment opportunities later this month. Investments can be made for as little as $1,000 and processed completely online. “We are in a great position to take advantage of the growing real estate market and provide our clients with investments secured by property that they may not have had access to before,” Fritton states. “This type of investment vehicle really hasn’t been possible until lately and it is opening up a whole new world in the securities market.”
About Patch of Land
Founded in early 2013, Patch of Land is a pioneer in the emerging crowdfunding industry. Focused on identifying highly lucrative real estate investments, Patch of Land provides access to these opportunities through their online portal. Investors can choose individual properties to fund and diversify their funds across many different asset classes and risk profiles.