The crowdfunding platform specializing in real estate is looking to accelerate its growth by opening up funding for 10 new projects in 2014.
Lymo.fr has just announced the completion of its first fundraising round, to the tune of €500,000, via the equity crowdfunding platform Wiseed. Specialising in real estate crowdfunding, Lymo.fr offers individual investors the opportunity to invest collectively in property by financing real estate projects previously reserved for professionals and to benefit from a 10% annual return (excluding tax). “Thanks to this fundraising, Lymo.fr will be able to continue its development, consolidate its position as European leader and open up the financing of 10 new projects in 2014 and twice that number in 2015,” comments Jean-Baptiste Vayleux, co-CEO of Lymo.fr. The start-up is already claiming strong growth: all collections were oversubscribed by 20% on average in 2013.