Muve, a London, UK-based innovative law company, closed a £1.1m equity funding round.
Backers included Origin Capital, which led the transaction, the Angel Co-Fund, and MI Investment Holding Ltd.
The new investors will provide support to the Board which currently consists of the three Muve Founders (David Jabbari, Dan Watkins and Claus Werner) who have senior City law and entrepreneurial backgrounds. Tim de Vere Green, CEO of Origin Capital, and William Berry, Director of MI Investment Holding Ltd will join the Board as Non-Executive Directors.
The company will use the new funding to expand its team, further invest in automation (including in its muveAI document review platform), monetize additional data services related to property transactions.
Led by David Jabbari, CEO, Muve supports over 250 home movers every month with residential conveyancing. The company is built on the three pillars of: process automation through technology, 100% ownership of the lowest cost off-shoring facility in the UK conveyancing market, and guaranteeing home buyers an exchange of contracts within as little as 25 days, or return its fees.