Nested, a London, UK-based PropTech startup, raised £8m in funding.
Backers included Passion Capital, GFC and angel investors including Tim Bunting, a Partner at Balderton Capital.
The company intends to use the funds to expand the business.
Founded by CEO Matt Robinson, Phil Cowans, and James Turford, Nested offers vendors a guaranteed sale of their property within 90 days providing a valuation (based on a combination of publicly available data, information entered by the homeowner, and an internal algorithm), marketing and sales service on any residential property. The company guarantees to sell for 95-98% of market value within 90 days, or it will give the home-owner the money themselves. If Nested achieves a higher sale price, either before or after the 90 day window, the profit is split up to 70/30 in favour of the vendor.
FinSMEs
22/03/2017