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PropTech firm Opun raises £3m Series A from Aviva Ventures

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Opun has secured £3m in investment from Aviva Ventures, the wholly owned venture capital business of insurance giant Aviva.

The PropTech company, which was founded in 2015 and is based in London, helps consumers with their home improvement projects.

Customers use the Opun website and app to enter the home improvements they are considering and Opun does the legwork, including negotiating the best price to guaranteeing the quality of finished work, which is carried out by a vetted selection of contractors.

UK PropTech and venture capital: A love affair?

John Cushing, CCO and co-founder at Opun, said: “People are tired of receiving conflicting quotes for the same work and then having to settle for substandard quality.

“The customer-contractor relationship in the UK is in desperate need of repair and it’s our aim to do just that. We give customers unparalleled support at every stage, thereby empowering them to make informed decisions on their home improvement.”

European law firm Fieldfisher advised Opun on the £3m raise, which Opun plans to use to strengthen its customer service team and build on its tech infrastructure.

Guy Burman, director of corporate at Fieldfisher, said: “It’s been a pleasure to work with Opun to secure this investment and we’re looking forward to seeing the company grow.”

Aviva Ventures launched in December 2015 with the aim of investing in a range of digital and new technology businesses. Back in January, it took part in the $1.5m (£1.05m) Seed round of parking app  AppyParking.

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