LANDLORDINVEST has received financial backing from London property investor Alan Gabbay.
The peer-to-peer buy-to-let platform has raised an undisclosed sum of seed funding from Gabbay, director of property investment firm O&H Properties.
Filip Karadaghi, chief executive of LandlordInvest, said the funding would be invested in technology on the platform.
“We are delighted that we have received backing from Alan Gabbay, director of one of the largest private property investment companies in the UK,” Karadaghi said.
“It serves as an acknowledgement that established companies are beginning to embrace the technological innovation of a traditionally offline industry.
“In addition to changing the property industry, our platform is innovating the UK investment industry by making an asset class, previously reserved for the wealthy, available for anyone with at least £100 to invest.”
Gabbay joins other financial backers including LNK Capital and angel investors Reece Chowdhry and Lee Josephs.
O&H Properties currently runs a £1bn property portfolio in London.
“The rapid success LandlordInvest has enjoyed since its launch proves there is a clear gap in the market for a service that integrates the requirements of landlords seeking financing in a simple and efficient manner or investors seeking returns in a low rate environment,” Gabbay said.
The investment comes after LandlordInvest reported a boom in demand following the launch of its secondary market in May.
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