Nested, a London, UK-based PropTech startup, raised £36m in its third round of funding.
The round was led by Global Founders Capital.
The company, which has raised almost £50m in total funding to date, intends to use the capital to expand its business reach, initially within London and in the near future expanding across the U.K.
Launched in January 2017 by CEO Matt Robinson, Phil Cowans and James Turford, Nested is an estate agent that provides home sellers with up to 97% of their property’s value when they need it, and the rest when it sells.
The home seller can use the funds advanced by Nested to buy their next home before selling their old one. Nested will market the home, find a buyer and, irrespective of how long the sale takes, the home seller will receive the total sale amount of the home (minus Nested’s fees) upon completion.