Fragvest Garners Pre-Seed Funding to Revolutionize Real Estate Investment in Nigeria
Deal News | Feb 24, 2025 | Aim Group
Fragvest.com, a pioneering proptech company based in Nigeria, has secured a pre-seed investment of $350,000 from Sthenic Finance & Advisory Limited. Launched in 2021, Fragvest focuses on making real estate more accessible to the general population through fractional ownership. The company provides a platform where individuals can invest in segments of real estate properties, thus lowering the entry barrier in the real estate market. The new funding will assist Fragvest in scaling its operations, expanding its technological footprint, and enhancing customer reach. Sthenic Finance & Advisory Limited, the investing entity, is known for its strategic investments in budding financial and technological firms across Africa, thus aligning well with Fragvest’s vision of democratizing property ownership in Nigeria.
Sectors
- Real Estate
- Technology
- Financial Services
Geography
- Nigeria – Fragvest is based in Nigeria, and the investment aims to democratize real estate investment within this geographical location.
Industry
- Real Estate – Fragvest operates within the real estate industry by offering fractional ownership of properties, making real estate investment accessible to a broader audience.
- Technology – As a proptech company, Fragvest integrates technology with property investment, providing a digital platform for fractional real estate ownership.
- Financial Services – Sthenic Finance & Advisory Limited is a financial services firm that has invested in Fragvest, highlighting its role in the finance and investment sectors.
Financials
- $350,000 – The amount Fragvest received as pre-seed funding from Sthenic Finance & Advisory Limited.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Fragvest.com | Target | Company | A Nigerian proptech company facilitating fractional ownership of real estate. |
| Sthenic Finance & Advisory Limited | Investor | Company | A financial services firm investing $350,000 in Fragvest as part of the pre-seed funding round. |