OneDome, a London, UK-based property technology company, raised £5m in a series A funding.
Backers included established family offices and angel investors, including Lord Jacob Rothschild and family, Joshua Alliance (son of Lord David Alliance), Reuben Brothers Capital, Winslow Capital founder Clark Winslow, DLA Piper former Global co-CEO and OneDome chairman Sir Nigel Knowles and a number of other investors.
The current funding round, which takes OneDome’s total funding to £13m, will help develop and optimise the OneDome platform across several areas.
This includes further product development to enable faster transactions, with the goal of fulfilling customers’ transactions within four weeks. The capital will also be used to expand marketing outreach, increase the number of properties listed for sale and rent on the platform and to invest in a team of personal moving assistants to help each customer through the process.
Led by Babek Ismayil, Founder, OneDome offers property buyers the ability to search for property, get a mortgage and organise all legal matters online on one convenient platform, The solution differentiates itself from other property websites such as Rightmove and Zoopla by focusing not just on the property hunting experience, but the whole homebuying process by connecting all the steps in the process into a single customer experience. OneDome gives buyers and sellers the ability to complete one end-to-end process online through a single customer-centric platform. Through the platform, buyers and sellers are directly connected to agents, brokers and conveyancers making the whole experience less convoluted and complicated.
The series A funding round represents the latest chapter in OneDome’s growth. In the second half of 2019, the company acquired Nethouseprices.com, one of the UK’s oldest and most established listing websites. In Q4 2019, OneDome became a listing partner of Facebook Marketplace.