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PropTech platform Buzzmove gets £6m in seed funding

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PropTech platform Buzzmove has secured £6m in a seed funding round led by White Mountains Insurance Group.

The London-based firm said it will use the funds to continue developing its platform, which enables consumers to create a digital inventory of their belongings via a mobile app, and to purchase home and household contents insurance. The company also provides professional surveying software to companies that are moving.

This investment follows the startup’s recent participation in Startupbootcamp InsurTech, the InsurTech-focused accelerator.

UK PropTech and venture capital: A love affair?

Sabine VanderLinden, managing director of Startupbootcamp InsurTech said: “Insurance customers want more personalised and transparent products and services that they trust, and Buzzmove aims to do just that; straddling the e-commerce, home and insurance environments. We foresee huge potential for Buzzmove’s solution within an insurance sector that is seeking improved customer engagement via digitization.”

This is the latest in a series of PropTech investments that the space has seen in recent months, following alternative tenancy deposit platform Reposit’s closure of a £400,000 seed funding round.

Last month homeowner-led house sales platform Settled also received £1m in seed funding, and Plentific raised £2m in a round backed by Property Innovation Labs.

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