Menu visibility control



Startup Surgery

Most Recent


IoT startup ThingTrax gets over £250,000 in Seed funding

Government & Policy

UK govt reportedly planning to ban encryption following Manchester attack


PropTech startup SPCE raises £280,210 on crowdfunding platform Seedrs

Press Releases

Zzish hits £1.15m funding target on Crowdcube for technology that will democratise quality education and move the needle on learning
Okappy announces the launch of its investment pitch on the AngelsDen equity crowdfunding platform
Recruitment disruptor poised for further growth with €8m investment secured

London PropTech firm Nested raises £8m in round led by Passion Capital

Nested team

Nested, a London-based PropTech startup, has raised a further £8m in funding in a round led by Passion Capital.

Tim Bunting, a partner at Balderton Capital; and Rocket Internet’s venture arm Global Founders Capital also contributed to the round. This latest round follows a £1.2m raise in September 2016.

Nested, which was founded in December 2015 and launched in January 2016, enables homeowners to sell their properties.

London-based robo-adviser MortgageGym raises £2m Seed

It provides a valuation, marketing and sales service, but also guarantees to sell a customer’s property for 95-98% of the market value within 90 days. If they fail to do so, they promise to offer the seller the cash themselves.

If the property sells for a higher price than that previously guaranteed, the difference is spilt with a ratio of up to 70/30 in favour of the property owner.

Co-founder and CEO Matt Robinson, who also co-founded FinTech firm GoCardless, said Nested was helping five people per month sell their homes within a few months of launching.

“This meant we broke even in our fourth month of trading with revenue at an annual run-rate of more than £1m,” he told TechCrunch.

The Nested team aims to reach 100 deals per month in the not-so-distant future. When asked whether the firm will ultimately be able to achieve 1,000 or 10,000 property sales per month, Robinson replied: “Based on what we’ve seen so far, I believe we can.”

Robert Dighero, of Passion Capital, said: “Consumers have been crying out for a solution to the pain caused by property chains. The success which Nested has already seen in just four months is testament to the combination of a great solution to a real, burning problem and Matt and the team’s drive and ambition – something we have already seen at GoCardless. We believe they are transforming the way property is bought and sold and are proud to support them on the journey.”

Enter your email address to receive updates straight to your inbox

* indicates required
Send me news on...

Editor's picks


IoT startup ThingTrax gets over £250,000 in Seed funding
posted 22 mins ago

Amber Rudd

UK govt reportedly planning to ban encryption following Manchester attack
posted 18 hours ago


PropTech startup SPCE raises £280,210 on crowdfunding platform Seedrs
posted 19 hours ago


RegTech startup Regnosys gets $900,000
posted 21 hours ago

Theresa May

The Conservative manifesto: What does it mean for UK tech?
posted 21 hours ago

Quiqup team photo

On-demand delivery firm Quiqup gets £20m as it gears up for global expansion
posted on May 24, 2017