Fraction, a pioneering fractional ownership platform committed to democratizing investment and capital access, today announced the successful completion of the extension of its Pre-Series A Round, bringing the total funds raised for the round to US$4.6 million.

Fraction’s Pre-Series A round is backed by the region’s leading VCs and growth equity firms, including East Ventures, V Ventures, IP Payment Solution Limited, Thakral Corporation, Singha Ventures, and several other prominent investors.

After a highly successful launch, with several real estate projects including houses, condos, villas, city apartments, university accommodations listed and sold on its world’s first end-to-end blockchain powered platform over the opening months, the fund is earmarked to accelerate the growth of Fraction’s proven concept and execution as well as expand into other asset classes and jurisdictions.  Since its launch, over US$10 million of real estate has now been listed and sold in “fractions” as low as $1 each, smashing down the once-unbreakable wealth creation barrier that have existed for most people, with other asset classes such as luxury goods, luxury utilities and infrastructures being added to the platform.

With a NFT and blockchain powered platform, what sets Fraction further apart as the all-in-one everyday app for the current and upcoming generation is its comprehensive Entitlement ecosystem. This innovation bridges the existing gap in the capital market by connecting asset benefits and utilities directly to their owners. This unique feature positions Fraction and its revenue model as a combination of the capital market, Airbnb and Booking.com, rolled into one.

With Fraction, you don’t have to be born rich to make it anymore.