The InvestBay platform, which specialises in micro-investments in holiday properties abroad as well as domestically, has gained two new investors. Investments totalling 6 million crowns will help the startup with technological development, strengthening its position on the Czech market and covering the costs of MiCA regulation, for which it will be possible to apply in the Czech Republic from June 2024.
The InvestBay investment platform has been on the market for less than a year and allows users to micro-invest in interesting holiday properties. The technology-consulting company MoroSystems and the agricultural land trader APF Venture Capital CR s.r.o. decided to invest in the startup. "We are very pleased that we can cooperate with such strong partners from the real estate and technology sectors. The new investors will bring not only the resources needed to expand the offer of investment opportunities, but above all provide important know-how. These days, after the successful investment in an apartment in Marbella, Spain, we have opened another investment in the same resort. I expect that with the help of the new investors we will strengthen our position on the Czech market and soon open further planned locations," says Daniel Rajnoch, CEO and founder of InvestBay.
The investments will help with further development and the application for MiCA regulation
Thanks to the investors, the platform will develop further both technically and in terms of strengthening its position on the market. At the same time, it will be possible to apply for MiCA regulation at the earliest possible date. This is absolutely crucial for InvestBay, because it makes it easier for companies to comply with European legal requirements and standards in the area of crypto-asset activities and trading platforms.
The investors themselves also see potential in the cooperation going forward. "At MoroSystems we help develop the potential of innovative Czech companies through technological solutions. Our investment in the InvestBay startup only confirms this. Together with it, we will provide the startup with technological support that will enable it to further develop its unique crowd-owning model and make it easier for retail investors to access real estate investments. The cooperation also confirms our ambition to become the preferred technology partner for financial institutions and fintechs, which we have long been working towards," says Radek Teichmann, CTO of MoroSystems, about the investment.
Karel Mičulka, CEO of APF Venture Capital CR, agrees: "We have been active in the area of investments in real estate and land for more than 10 years. With InvestBay we see enormous potential in their innovative approach to investing, and I believe that the cooperation will allow us to expand our portfolio and bring our investors even greater value."
For the future, expansion as well as an offer of further investment locations is planned
Total investments in the platform currently amount to 24 million crowns and consist of several angel investors and business partners. For the future, InvestBay plans to expand its offer with properties in Europe and beyond and to expand into further European markets.
In January of this year, InvestBay closed its first investment offer, in Marbella, Spain, and investors are already now receiving their first returns from rents. Thanks to this successful investment, another apartment in this location is now on offer. Furthermore, those interested can choose a holiday apartment at Lipno or in the Resort in Zelena Punta, Croatia, for their investments.
About APF Venture Capital CR s.r.o.:
The company APF VENTURE CAPITAL CR s.r.o. was founded in May 2020 as an agricultural land trader in the Czech Republic. It is currently part of the APF GROUP, which focuses primarily on long-term investments in agricultural land.
About MoroSystems:
MoroSystems is a Brno-based technology-consulting company that helps leading Czech and global brands digitalise processes and introduce technological innovations. Everything MoroSystems does is based on the conviction that people working together leads to extraordinary results. For its customers it designs and develops web applications, portals, payment solutions and digital products. Under the MoroSystems Orchestra brand, it guides companies through changing the way they work, setting up processes and implementing Atlassian tools. MoroSystems' clients include the fintech platform AEVI, the global online marketplace eBay, as well as UNIQA, Benefit Plus, AstraZeneca and others.
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