A prominent real estate analytics platform has announced securing £3 million in series A funding.
Led by Anthemis Group and XTX Ventures, this funding marks a significant milestone in the platform’s growth.
Funding Acquisition
In a notable development, a real estate data and analytics platform has secured £3 million in its series A funding round. This round was prominently led by Anthemis Group and XTX Ventures, reinforcing the platform’s growing reputation in the market.
First established in 2016, this platform has consistently aimed to utilise actionable analytics to aid residential property professionals. Their tools assist these professionals in deciding the optimal locations, timings, and types of properties to develop.
Integration of Big Data
The platform distinguishes itself by incorporating hundreds of datasets from across the UK, some extending back over two decades. This integration allows for a more rapid, cost-effective, and efficient data analysis compared to traditional methods, which often rely on multiple databases.
By automating the integration process, users can achieve conclusions up to 10 times faster than before. Such speed and accuracy are invaluable in the fast-paced real estate market.
Client Portfolio
This platform boasts an impressive list of corporate clients.
Companies such as Legal & General, Cushman & Wakefield, Quintain, and Colliers International heavily rely on its institutional-grade data systems.
The broad adoption among these established corporations underscores the platform’s effectiveness and industry significance.
Series A Funding Details
This recent £3 million investment marks the third funding round for the platform in just two and a half years. The continuous influx of capital underscores the confidence investors have in the platform’s vision and execution.
Notably, the previous funding round in 2017 also saw substantial contributions from institutional and private investors. Key participants included Anthemis Group, Roundhill Capital, and PiLabs.
Industry Impact and Future Goals
Gavriel Merkado, the founder and CEO, remarked on the transformative potential of the platform. He drew parallels with significant changes observed in insurance and financial services due to advanced quantitative analytics technology.
Merkado emphasised the platform’s objective to bring clarity and transparency to the UK real estate market. By making data more accessible and intuitive, they aim to support better decision-making processes.
Investor Confidence
Investors have expressed strong belief in the platform’s growth trajectory.
Iason Nikolakis, managing director at Anthemis Group, cited the substantial growth potential they observe in the platform. He highlighted their excitement about the unique, data-driven approach introduced to the real estate sector.
Conclusion
The infusion of £3 million will likely bolster the platform’s capabilities, enhancing its service offerings and market position.
As the real estate sector evolves, tools that offer precise, rapid analytics will become increasingly indispensable.
The real estate analytics platform’s recent funding highlights the growing importance of data-driven decision-making in the property sector.
With strong investor backing and advanced analytics, the platform is well-positioned for future success.