In a landmark achievement, proptech company Nested has successfully obtained £36m in new funding. This financial boost is expected to catalyse the company’s expansion efforts.
The funding round, led by Global Founders Capital, marks one of the largest investments in the European proptech sector this year. Nested’s innovative approach to home buying continues to attract significant attention and support.
Nested, a pioneering estate agency in London, offers a game-changing solution for home sellers. By providing up to 97% of a property’s value upfront, with the remainder paid upon sale, the firm enables clients to purchase new homes before selling their existing ones.
This innovative approach addresses a common pain point in real estate transactions and has garnered substantial demand from London homeowners. The company’s model is being hailed as a significant advancement in the proptech industry.
The fresh £36m injection is a part of Nested’s third successful funding endeavour within 18 months, bringing its total capital raised to nearly £50m.
Global Founders Capital spearheaded this latest round, underscoring the burgeoning confidence investors have in Nested’s business model and market potential.
Nested was co-founded by a trio of forward-thinking entrepreneurs: Matt Robinson, Phil Cowans, and James Turford.
Robinson, who also founded GoCardless, has been instrumental in steering Nested’s aggressive growth strategy.
Turford, with his architectural background, and Cowans, former CTO of Songkick, bring valuable expertise to the helm of this innovative venture.
Armed with fresh capital, Nested aims to consolidate its presence in London, initially targeting 1% of home sales in the capital over the coming months.
The company projects capturing a 5-10% market share within the next year, indicative of their ambitious growth trajectory.
These plans reflect Nested’s determination to become a dominant player in the UK property market.
The substantial investment by Global Founders Capital highlights a strong vote of confidence in Nested’s potential to disrupt traditional real estate.
As Europe’s proptech scene continues to evolve, Nested is poised to lead with its innovative solutions and strategic growth plans.
With the new funding, Nested is keen on enhancing its technological infrastructure and expanding its services.
The aim is to streamline processes and deliver even greater value to homeowners choosing their services.
Nested’s strategic focus remains on innovation and customer-centric solutions that redefine property transactions.
Nested’s growth narrative underscores the transformative power of proptech in reshaping real estate dynamics.
As they scale operations, the firm is set to impact homebuyers positively, bolstering the confidence of investors and clients alike.
As Nested continues to drive forward with its expansion and innovative solutions, the firm exemplifies the potent synergy of technology and real estate. Their success underscores the significant evolution occurring within the proptech landscape.