Posted on August 22, 2017 by staff

eMoov closes £9m investment round


Online estate agent eMoov has closed a £9m investment round to “further enhance the company’s unique technology platform”.

The round was led by consumer investment group JXC Ventures and involved several tech entrepreneurs.

Gaby Salen of Wharton Asset Management and Episode 1 VC, Maxfield Capital, Spire and Startive Ventures also participated.

“The estate agency space is changing drastically and we have always been at the forefront of that change since we launched in 2009,” said founder and chief executive Russell Quirk.

“During this time, we’ve watched the online/hybrid sector evolve to become well established with market share more than doubling in the last two years.

“During this time, we’ve been focused on building a superior technology platform; hiring an unbeatable management team and providing the best customer service in the industry.

“With these strong foundations in place, we now feel it’s time to accelerate our growth through a clever and sustained marketing investment strategy.

“We’ve been more considered than some in our methodology and therefore, we will emerge and remain as one of the few estate agency disruptors that are actually sustainable.

“Expect more big announcements from us in the coming weeks.”