Menu visibility control

Video

Events

Startup Surgery

Most Recent

Government & Policy

PM Theresa May to reveal Industrial Strategy Challenge Fund to support UK tech

Tech City Voices

Here’s how tech for good startups can maximise their chances of getting funded

Investments

Habito lands £5.5m in Series A round led by Silicon Valley’s Ribbit Capital

Press Releases

No more electronic ‘loose change’: innovative fintech charity payment scheme launched today across 6,000 UK schools
Chimni calls for the UK proptech community to work more closely with the housebuilding industry
Blockchain Conference: Blockchain Expo announces Berlin and North America dates

eMoov grabs $2.3m to take on estate agents

eMoov
twitterlinkedinFacebookgoogle_plustwitterlinkedinFacebookgoogle_plus

Online estate agent eMoov has raised $2.3m in seed funding as it targets improvements to the customer experience on the platform.

The London-based startup provides an alternative to traditional estate agents with an online-only service. It advertises users’ properties on online services like Zoopla and RightMove and also deals with negotiations and completion of the sale.

The investment comes from London-based VC Episode 1 and is the firm’s twelfth investment in the last year.

Residential property and the impact of technology

New estate agents

eMoov was founded in 2010 by Russel Quirk who believes sellers “no longer see value in retail spaces”:

“Technology has fundamentally changed this industry and consumers simply aren’t getting the service they pay for from traditional high street agents.”

The online estate agency has now sold over 3,500 properties and claims to have saved home sellers an estimated £11.5m in estate agency fees. The most popular service through eMoov costs sellers £495.

The company will be using the new round of financing to further enhance its customer experience.

Growing sector

The investment comes a year after eMoov’s previous cash injection (from Spire Ventures) and off the back of an exciting year in the property tech sector.

2014 saw Zoopla float, London’s first property tech incubator and a plethora of investments into the sector.

A rival service to eMoov, PurpleBricks, also raised $12m to disrupt traditional estate agents.

Enter your e-mail address to receive updates straight to your inbox

* indicates required
Send me news on...
twitterlinkedinFacebookgoogle_plustwitterlinkedinFacebookgoogle_plus

Editor's picks

Theresa May

PM Theresa May to reveal Industrial Strategy Challenge Fund to support UK tech
posted 5 mins ago

Tech for good

Here’s how tech for good startups can maximise their chances of getting funded
posted 4 hours ago

habito

Habito lands £5.5m in Series A round led by Silicon Valley’s Ribbit Capital
posted 11 hours ago

BULB Amit Gudka

Amit Gudka, co-founder of Bulb, on the biggest misconceptions of startup life and his proudest moment so far
posted on January 22, 2017

Reports

Top tech stats: HealthTech investments trends, AI within business & more
posted on January 21, 2017

legal robot

AI and the legal sector: Opportunities, challenges and predictions
posted on January 20, 2017