Flyp Raises £5M in Seed Funding

Flyp

Flyp, a London, UK-based proptech company, raised £5M in Seed funding.

The round was led by Outward VC, with participation from angel and family office investors.

The company intends to use the funds to expand its product and technology solutions and its 30-strong team.

Founded by Lee Sieradzki, Oliver Gershfield, and Gregg Kantor, Flyp is developing a way to sell homes by creating a technology-enabled ecosystem for sellers, agents, and buyers. The company manages the entire process, from initial assessment, value-boosting renovations that flyp pays for and manages itself using its proprietary automated renovations software, and a multi-agent Marketplace where the sale is managed and shared with all the best, relevant agents at no extra cost to the homeowner. It uses AI and data to analyse the saleability of a property, including any pitfalls that may impact the sale process, and whether renovations can be made in order to help it reach its potential value. If Flyp identifies potential problems that need to be remedied for the property to be granted approval, or if there is value that can be unlocked, it will finance and execute the renovation project, covering the cost entirely and handling the process from start to finish.

To-date, in excess of 175 homes have been sold through flyp, with over 3,300 viewings across hundreds of agencies having been coordinated.

FinSMEs

25/10/2022