Independent multi-agent property seller Movewise has announced a funding round of 拢600,000, taking the total amount raised to 拢1.1m.
The company, launched in 2018, manages the sales process for vendors, leveraging data and insight to identify the best local estate agents for a property.
Existing lead investors, Hambro Perks early stage venture fund and Paul Forster, co-founder of聽Indeed.com, were joined by new angels including Simon Franks, co-founder of LoveFilm that was sold to Amazon for 拢200m in 2011.
The business said it has seen strong growth, listing more than 拢60m of UK properties in the past year with a sales rate of 80% and average time to sell of four months.
The funding will be used to further enhance Movewise鈥檚 end-to-end property sales technology platform, and grow through the legal and landlord sectors.
Steffen Schwark recently joined as CTO to lead the product and development teams. Steffen has more than 20 years of experience in building consumer and enterprise software products.
On the investment, Movewise CEO Tom Scarborough said:鈥淥ur mission is to ensure all property sellers achieve the best price they can for their property.
鈥淎pproximately a third of properties will sell quickly in the first month. Two thirds of properties won鈥檛 be so lucky, which is when sole agents revert to price reductions, to the detriment of the vendor.
鈥淪elling the most valuable asset you鈥檝e ever owned shouldn’t be left to luck. Movewise is here to professionalise property sales for everyone.鈥�