The launch campaign of Yeldo Crowd, a real estate equity crowdfunding portal of the Yeldo Group, a fintech that provides digital access to real estate institutional investors in Switzerland and Europe, has successfully concluded. The campaign raised €2.54 million, a record amount for a real estate crowdfunding portal in its debut.
The real estate project covered by the campaign, in Florence’s Via Chiusi, involves the renovation of a residential property located in a rapidly expanding neighborhood that is well connected to the historic center and rich in green areas.
Read more about Yeldo Crowd and its first campaign closed and find the most important financial news of the day with the Born2Invets mobile app.
The funds raised through Yeldo Crowd will complement the bank financing already provided by a leading Italian institution
The campaign closed 127 percent overfunded the target, raising €2.54 million, 49 percent subscribed by professional investors, and with an average ticket of more than €36,000, a figure more than five times the market average.
“The success of the Yeldo Crowd launch campaign has shown that it is possible to create investment products that are accessible to the retail investor with a ticket of €10,000, but that have very attractive risk and return characteristics for professional and institutional investors as well,” explained Antonio Borgonovo, CEO of the Yeldo Group. “This is the innovation we want to bring with Yeldo: to allow everyone to invest in real estate like institutional investors, through technology.”
The funds raised through Yeldo Crowd will complement the bank financing already provided by a leading Italian institution and will be used to finance the completion of the renovation of the property led by AD Casa, a group specializing in real estate developments in the Florence area with more than 40 real estate projects completed since 2010 and with construction sites worth more than €170 million under its belt.
“Yeldo Crowd’s investment strategy is aligned with that of the Group,” explained Marco Dardana, CEO of Yeldo Crowd, “We aim to build risk mitigation mechanisms and maintain attractive return levels. We do a lot of project selection, not only through our in-house team of real estate experts, but also through the use of an external Investment Committee now composed of senior figures. We are happy that both retail and institutional investors have recognized the investment quality of Florence Via Chiusi.”
Yeldo Crowd is preparing to launch campaigns for new operations in Milan and Monza in the coming weeks, which will continue to leverage the Group’s investment philosophy: capital protection mechanisms and expected double-digit returns.
Yeldo specializes in real estate transactions up to €100 million in size
YELDO is a European group established in 2019 with offices in Switzerland, Italy and Germany. Through investment solutions dedicated to qualified and professional investors, the company offers direct and digital access to institutional-grade real estate transactions in Europe and Switzerland.
Yeldo’s team of Real Estate professionals selects off-market transactions (worth half a billion euros today) to offer risk-adjusted returns with liquidity potential through secondary market transactions.
The company specializes in real estate transactions up to €100 million in size and requires a co-investment share of Yeldo investors of up to €15 million.
To date, Yeldo has financed different types of asset classes in Europe and Switzerland (CORE, CORE+, Value Add, Opportunistic) by offering its investors professional investment structures (Luxembourg RAIFs, certificates, and securitizations).
In March 2022, Yeldo launched Yeldo Crowd, a new equity crowdfunding platform that offers direct access to institutional-grade real estate investments even to non-professional investors.
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