Offr, a London, UK-based prop-tech platform digitizing the buying, selling and leasing process for real estate agents and buyers, raised £2.7M (€3M) in seed funding.
The round, which brought total funds raised to date to over £3.6M (€4M), was led by Barclays with participation from existing investors Delta Partners on behalf of Bank of Ireland, AIB, Enterprise Ireland, The European Investment Fund, and Frontline Ventures.
The company intends to use the funds to accelerate international expansion and further develop its transaction infrastructure platform over the next 12 months. These product developments will expand Offr’s platform to manage the transactions of all types of properties, both traditional and auction, including the sale of homes, residential lettings, commercial sales and leases.
Launched ten months ago by Robert Hoban, CEO, Niall Dawson, CTO, Philip Farrell, CCO, Offr enables fast, digital property transactions, from offer to exchange, on any device, at any time, and from anywhere in the world. Its white-label platform allows buyers to securely submit offers and close deals on real estate agents’ own websites. The technology enables real estate agents to track the progress of a sale or lease on their mobile device or laptop, in real-time, with instant alerts an offer is received, if there is an upcoming viewing or if legal documents have been updated. Similarly, buyers can book a viewing online, upload proof of funds and ID, make an offer, pay a deposit, connect to their solicitor, and sign contracts – all via their smartphone. Behind the scenes, Offr connects real estate agents to solicitors and banks to digitize the entire end-to-end sale and leasing process with speed, transparency and trust.
It digitizes over 85% of the process of buying and selling property for agents and their customers.
Earlier this year, the company participated in the Barclays London Accelerator, powered by Techstars and was selected as one of the few candidates for follow-on investment from this year’s cohort of companies.