A proptech firm specialising in simplifying the moving process has successfully raised £1.5 million in funding.
Bournemouth-based, the company aims to streamline house moves through a comprehensive suite of services. The funding round saw contributions from several notable angel investors.
Funding and Key Investors
The recent £1.5 million funding round was supported by a variety of angel investors, including Simon Rogerson and Chris Hulatt, co-founders of Octopus Investments. Other investors included Ross Adams, CEO of Acast, former ASOS CTO Simon Hamblin, and Brett Akker, co-founder of Streetcar and LOVESPACE.
This diverse group of investors highlights the broad appeal and potential of the company’s innovative approach to the proptech sector. The backing of such influential figures is likely to bolster the firm’s credibility and market presence.
Innovative Services for Moving House
The company offers a complete range of services designed to reduce the stress and hassle associated with moving. These include setting up broadband, notifying the council of a new address, and recommending removals and storage companies.
By automating many administrative tasks, the firm aims to make the moving process more efficient. However, maintaining a personal touch remains a core element of their service strategy.
Commitment to Customer Service
Co-founder Ross Nichols emphasised the importance of customer service in the company’s operations.
‘Our team genuinely enjoy helping people during this busy period – saving them time, hassle and money in the process,’ he stated.
This focus on excellent customer service is expected to be a key driver of the firm’s growth and success in the competitive proptech market.
Partnerships with Ethical Businesses
The firm collaborates exclusively with ethical businesses and green energy companies, such as Octopus and Ecotricity.
This commitment to sustainability is part of the company’s broader strategy to distinguish itself in the market and appeal to environmentally conscious consumers.
Certified B Corporation Status
As a Certified B Corporation, the firm meets high standards of social and environmental performance, public transparency, and legal accountability.
This certification underscores the company’s dedication to not only profit but also positive social and environmental impact.
Being a B Corporation sets the firm apart from many competitors, potentially attracting customers and investors who prioritise ethical business practices.
Technological Developments
The company plans to continue developing its technology to further automate the moving process.
By enhancing their technological capabilities, they aim to make the moving experience even smoother for their clients.
This focus on technology aligns with broader industry trends towards automation and digitalisation.
Positive Market Reception
The firm’s innovative approach and strong ethical stance have been well-received in the market.
Future growth prospects look promising as the company continues to leverage its unique strengths and strategic partnerships.
The successful funding round marks a significant milestone for the proptech firm.
With strong investor backing and a clear commitment to customer service and ethical practices, the company is well-positioned for future growth and success.