We are proud to share a major milestone in Coposit’s journey as we secured $14 million in an upsized capital raise. Initially targeting $10 million, the fundraising round, led by boutique corporate adviser Ad Astra, was increased due to strong investor demand. Contributions included a minority stake secured by an offshore investment firm alongside local industry support, highlighting the growing interest in our innovative property finance platform.
This fundraising marks a significant step for Coposit as we secured institutional-level external funding for the first time. Over the past three years, we have achieved tremendous growth through our unique approach to property ownership, and this latest funding will allow us to accelerate our expansion. The funds will be strategically invested in advancing our technology suite, consumer-level marketing initiatives, and solidifying our partnerships with property developers and financial institutions. Transforming Property Ownership in Australia
Coposit’s platform revolutionises how Australians buy property by allowing buyers to secure off-the-plan homes with just a $10,000 deposit. Rather than relying on traditional loans, our platform operates as a savings vehicle, enabling buyers to save the remainder of their deposit during construction and pay the balance in manageable weekly instalments. These deposits are held in trust, offering developers qualified pre-sales to unlock critical funding stages.
We are proud to have partnered with over 50 developers and major off-the-plan lenders, including the Commonwealth Bank, Metrics, Wingate, and Qualitas. As of November, our collaborations have brought the total value of projects supported by Coposit to an impressive $9 billion. These partnerships not only enhance buyer access to housing but also provide developers with a streamlined process to fund their projects. Leading the Way in Proptech Innovation
This latest capital raise reflects our commitment to reshaping the Australian property sector and providing accessible housing solutions for buyers across the nation. Despite a challenging market outlook in the commercial real estate sector, Coposit continues to thrive by delivering innovative solutions tailored to the needs of buyers and developers alike.
We extend our gratitude to our investors, partners, and the community for their continued trust and support as we redefine property ownership in Australia.
For more details, read the original article on The Australian Financial Review.
Share this article