Crowdfunding platform ProHatch has received seed funding from The Pavonis Group. No financial terms were disclosed. In addition to the financing, Mark Kingston, managing partner of Pavonis, will join ProHatch’s board of directors.
New York, NY (PRWEB) February 25, 2014
The Pavonis Group announced that it has closed a seed investment in crowdfunding platform, ProHatch LLC. This round of capital will primarily fuel ProHatch’s platform enhancements for crowdfinance investment and acceleration of their real estate vertical.
“Crowdfunding and the JOBS Act have forever changed the way capital is sourced in the private market, and we see a particular alignment with real estate investment, institutionally and locally. Today is the day the real estate industry has a reason to fully embrace technology,” said Elizabeth Smith Kulik, ProHatch co-founder and CEO.
“We are thrilled to work with Pavonis as a partner at this stage in our growth.” said Jason Kulik, co-founder and Chief Development Officer. “Their deep focus on leading edge real estate industry technology and investment is ideally aligned with ProHatch’s innovative technology and crowdfunding transaction platform.”
ProHatch has differentiated itself from other sites by providing access to a platform of applied mentorship, expertise, education, services, tools and aligned capital. The result is an opportunity for growth oriented enterprises and investors focused on social and financial returns to join a purposeful network unlike any other in terms of the support services it provides to improve the likelihood of success.
“With changes in the JOBS Act, the crowdfunding space is heating up and certain to change the way real estate is financed,” said Mark Kingston, managing partner of Pavonis, who will also be joining ProHatch’s Board of Directors. “However with that dynamic changes and the opening of the market there are risks. We found ProHatch had de-risked the process with the advisory and training tools they have built into their platform, and we wanted to support the professional approach they are pursuing to drive greater efficiency and liquidity into the property market.”
“With over 100 years of combined global real estate, finance, marketing and technology experience resident in our founding team, we intend to be at the forefront of this emerging market to assure the highest standards of quality and professionalism in crowdfinance,” said Barry M. Barovick, ProHatch co-founder and a leader in the global real estate services industry.
ProHatch is a responsible crowdfunding incubator and broadcasting hub where Projects Hatch & Grow. ProHatch accelerates transactions in innovative, growth oriented commercial and non-profit enterprises and assets by connecting people around their overlapping business, philanthropy and personal interests as they create, support and fund responsible social impact, business and community development. ProHatch transforms the crowdfunding experience with a complement of Advisory Services and Learning content that add value, relevant intelligence and expertise across our eight niche crowdfunding channels. ProHatch’s crowdfunding platform supports multiple industry verticals, transforming and supporting digital transactions with purposeful social and business networking, digital broadcasting, advisory services and capital sourcing.
About The Pavonis Group:
The Pavonis Group comprises Pavonis Capital Partners, Pavonis Strategic Advisors, Pavonis Ventures and PIX (Property Immersive Xperience). The Group, led by a senior partnership of proven successful industry veterans, is creating a comprehensive offering of integrated technology, data and services that materially increases the efficiency and transparency of the global real estate industry. Our mission is to leverage the partners’ vast knowledge, experience and relationships in the global real estate, capital markets and technology industries to deliver an economical ecosystem solution that better connects the industry and helps firms improve their performance.