LONDON, May 1, 2024
/PRNewswire/ -- Homemove, a quiet rising star in the proptech
industry, has announced the close of a $1.5
million funding round, to reimagine the way people move
home. For home buyers and sellers who are currently mired in
fragmented transactions, Homemove is a platform which brings
everything together in a single place whilst leveraging innovative
AI solutions at every part of the moving experience.
Over the last 12 months, Homemove has rapidly grown its revenues
and market share by offering customers a top-rated service. This
success has attracted substantial interest amongst new and existing
investors. As a result, the recent funding round diverged from
typical seed stage raises: it was oversubscribed, drawing direct
investments from angel investors and family offices without a lead
Venture Capital investor.
The platform is redefining the home moving process by
integrating services such as estate agent valuations, mortgage
comparisons, homebuyer surveys, conveyancing services, and removal
bookings into a single, streamlined AI-driven digital experience
which connects home buyers and sellers with the platform's hand
selected partners.
The company currently collaborates with thousands of local, high
quality independent partners, boosting their businesses by booking
them directly with consumers through the scalable Homemove
platform.
As part of the company's growth strategy, Louis will take a more
active role leading the tech side of the business moving into the
CTO position while James Freestone will move to CEO effective 1st
of May 2024 .
Louis O'Connell Bristow, CTO of
Homemove: "With this new funding, we are poised to enhance our
technological infrastructure, focusing on advanced AI capabilities
to streamline the moving process. Our goal is to fully automate the
evaluation and booking procedures through our platform, reducing
the time and complexity involved for both users and partners. This
technical upgrade will not only optimise our operational
efficiencies but also elevate the user experience by providing
quicker, more accurate service options tailored to their
needs."
James Freestone, CEO of Homemove: "Securing this investment is a
crucial step towards transforming Homemove into a recognisable
household brand in the proptech sector. Our strategy is centred on
expanding our market presence and employing a first-principle
approach to innovate and enhance each vertical within the moving
value chain. We are rewriting the entire experience and are
committed to building solutions to this fundamental problem. This
involves not only enhancing our technological offerings but also
forging strategic partnerships that will broaden our reach and
impact. By focusing on these aspects, we aim to redefine the
standards of service in the home moving industry and deliver
exceptional value to our customers and stakeholders."
The investment will be used to expand Homemove's reach and
network, accelerate its marketplace technology, bring in innovative
product developments and enhance customer home moving journeys and
experiences through artificial intelligence.
Notes to editors
About Homemove
Homemove was born in 2022 as two
homeowners who experienced the pain of moving home joined
forces to ease the moving experience for all future movers by
building a one-stop shop to do it all, growing into a leading
platform that connects 1000's of movers every month with top-rated
home moving services nationwide. Its innovative tools and AI
enabled technology, ensures its customers are delighted by a
cutting-edge personalised service.
About The Founders
James Freestone leads the business
and is responsible for setting strategic direction for Homemove and
selling the clear vision. As a qualified Chartered Management
Accountant, he has over 12 years of experience in management
consulting, corporate finance, strategic execution, and business
development. He has a background in working with start-ups and
international brands alike, including Jaguar Land Rover.
Louis O'Connell Bristow has over
13 years of experience in PropTech, working within estate agency
and building digital platforms. Louis combines his industry
knowledge with technological expertise to innovate and expand
Homemove's capabilities.
Media contact
press@homemove.com
0333 880 7058
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