Menu visibility control

Video

Events

Startup Surgery

Most Recent

News

Iris Capital launches €250m European tech investment fund

News

Startup Weekly: Welsh tech accelerator calls for applications, Virgin StartUp partners with WeWork and more

Tech City Voices

Culture. There’s no app for that, Kalanick

Press Releases

‘Connected finance’ app Curve hits £50m spend ahead of UK launch
“Coffee, networking and productivity”: Workspace disruptor ‘Lounge’ launches in London
Kompli-Global’s Technology Will Make Life Harder for Money Launderers

PropTech firm Settled closes £1m in funding

twitterlinkedinFacebookgoogle_plustwitterlinkedinFacebookgoogle_plus

Settled, a London-based property tech startup, has closed a £1m seed funding round to expand operations and disrupt the real estate sector, thought to be worth £3.5bn.

The round was led by 500 Startups, a global venture capital seed fund and startup accelerator based in Silicon Valley.

Matthew Lerner, partner at 500 Startups, said: “Across our portfolio we see property tech companies making big waves. And residential real estate in the UK presents a great un-tapped opportunity for great start-ups. We are looking forward to watching Settled continue to grow.”

Uber’s CEO resigns, over £368m in UK tech funding, a new $3.3bn fund and more in The Week in Tech

The company, which removes the dependency on estate agents and instead allows homeowners to sell their property online, will use the funding to expand its service and reinvent the way homes are sold and purchased.

Speaking about the investment, Gemma Young, CEO and co-founder of Settled, said: “Interestingly the existing hybrid services or online agencies are overwhelmingly run by ex estate agents.

“By contrast we are a tech company, dispelling the myth that consumers must rely on ‘expert middlemen’ to help them sell or buy property,” she noted.

Since launching earlier this year, Settled claims to have helped customers sell over £50m worth of property.

Enter your email address to receive updates straight to your inbox

* indicates required
Send me news on...
twitterlinkedinFacebookgoogle_plustwitterlinkedinFacebookgoogle_plus

Editor's picks

Paris

Iris Capital launches €250m European tech investment fund
posted 4 hours ago

Startup Weekly: Welsh tech accelerator calls for applications, Virgin StartUp partners with WeWork and more
posted 8 hours ago

Culture. There’s no app for that, Kalanick
posted 10 hours ago

startup life

Uber’s CEO resigns, over £368m in UK tech funding, a new $3.3bn fund and more in The Week in Tech
posted 13 hours ago

inploi-co-founders

EXCLUSIVE: London-based Inploi raises £500,000, brings total to £1m
posted on June 22, 2017

Peter-Smith-Nic-Cary-Feb-2016

UK-founded tech startup Blockchain secures $40m Series B
posted on June 22, 2017