Mr. David Michaud reports
PARVIS INVEST REPORTS 320% PLATFORM GROWTH AND 2835% YOY TRANSACTION VOLUME SURGE, CATALYZING MOMENTUM FOR 2025
Parvis Invest Inc. is reflecting on a transformative 2024 that delivered substantial growth and innovation in the alternative and private real estate investing space.
In 2024, Parvis onboarded over 40 new issuers, introducing a broad range of offerings and strengthening existing partnerships. Platform accounts saw a 320-per-cent increase, while the investor network grew by 250 per cent, underscoring the rising demand for private real estate and alternative opportunities. To meet this demand, Parvis strategically expanded its team, ensuring the capacity to maintain its high standards of service and innovation. These milestones align with the company's vision of making high-quality real estate and alternative investments accessible to more investors across Canada.
The company also reported a 523-per-cent increase in net revenue (Q1, Q2 FY25 versus Q1 to Q2 FY24), driven by growth in its EMDsolutions services and larger transaction volumes. Preliminary figures for Q4 2024 indicate a tenfold year-over-year increase in transaction volume, highlighting Parvis's ability to execute its growth strategy while responding to shifting market sentiment. These results have established a strong foundation for Parvis's ambitious plans for 2025.
"The growth we've experienced in 2024 across issuers, investors, and our team has laid the groundwork for an even more impactful 2025," said David Michaud, chief executive officer of Parvis. "Onboarding over 40 issuers, expanding our investor network by 250 per cent and doubling our team size reflect not only the increasing demand for private real estate investments but also our commitment to delivering innovative, efficient solutions to meet that demand."
2024 business highlights
- Transaction volume: Achieved 2,835 per cent year-over-year growth, reflecting the platform's increasing adoption by issuers and investors alike.
- Investor network expansion: Grew the investor network by 250 per cent, strengthening engagement and enabling access to institutional-grade real estate opportunities.
- Platform growth: Platform accounts increased by 320 per cent, showcasing the platform's accessibility and appeal to a broader audience.
- Issuer growth: Welcomed over 40 new issuers, providing EMDsolutions to support compliance, back-office operations and marketing, allowing issuers to focus on growth and investor value.
- Team growth: Doubled team size from eight to 14, reinforcing Parvis's capacity to meet the growing needs of its expanding issuer and investor communities.
Looking ahead to 2025
Parvis is entering 2025 with ambitious plans, including the January launch of the Parvis Direct Access Fund, a diversified fund offering best-in-class private real estate investments. Additionally, the company is ramping up its secondary market, providing liquidity in a traditionally illiquid asset class and enhancing investor flexibility.
These initiatives demonstrate Parvis's dedication to delivering innovative, high-quality investment opportunities while continuing to build trust and value for its stakeholders. With a strong team and a clear strategy, Parvis is well positioned to drive the next chapter of growth and transformation in the private real estate investing space.
About Parvis Invest Inc.
Parvis is a technology-driven investment platform dedicated to democratizing access to institutional-quality opportunities. Utilizing artificial intelligence and blockchain technology, Parvis streamlines the investment process, making it more accessible and efficient. Headquartered in Vancouver, Parvis operates with experts in Toronto, Vancouver, Kelowna and Montreal.
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