The property technology sector witnesses a notable advancement as Nested garners £120 million in funding.
This strategic investment is poised to revolutionise property transactions across the United Kingdom, enhancing liquidity and efficiency.
Nested’s unique business model offers homeowners a cash advance against their property’s value, transforming them into cash buyers. Founded in 2016, the firm’s innovative approach is set to tackle the enduring challenges of the real estate market, providing unprecedented solutions to buyers and sellers alike.
In this recent funding round, £20 million was secured as equity funding from Northzone and Balderton Capital. The significant £100 million remainder was acquired through debt financing from an institutional investor. These funds are earmarked for expansion across and beyond London, accompanied by the introduction of novel customer-centric tools.
CEO Matt Robinson, also a co-founder of GoCardless, envisages Nested as a transformative entity in property sales.
Robinson asserts, “This investment will allow us to continue solving the problems that prevent people from moving home with ease.”
Selling a property remains a complex and often cumbersome process. Property chains can be frustratingly protracted, often inciting undue stress among stakeholders.
Northzone partner Jeppe Zink articulates, “Selling a home is the biggest and most important transaction most people undertake.” Zink’s endorsement highlights Nested’s potential to redefine market practices.
With over 400 homeowners already benefiting, Nested is poised for substantial growth. The firm’s dedication to innovation ensures ongoing evolution in the property market.
Nested is committed to reshaping the industry landscape, fostering smoother transitions for all property buyers and sellers.
Nested’s landmark funding round signifies a pivotal moment for proptech in the UK.
Ultimately, Nested is poised to transform property sales, setting new standards in accessibility and innovation.
Nested’s substantial funding marks a new chapter in property technology.
As the firm prepares to expand, its innovative solutions promise to reshape the real estate landscape, bolstering the efficiency of home sales for countless individuals.