Properr funding round could cut house buying process to days
Property tech start-up Properr has completed a funding round to support its launch of in-house buying platform Track My Move.
Based in Cardiff, the firm’s new software brings buyers, sellers and estate agents together in one place, and aims to reduce the house buying process from 12 weeks to just two days.
The UK-wide platform’s £850,000 funding round was led by Finance Wales.
Properr was founded by chief executive Owen Derbyshire and chief technology officer Steve Talbot.
Derbyshire told Insider: “This round of funding allows us to continue our exponential growth to meet the needs of our rapidly growing client base.
“We’re working with partners and regulatory bodies to ensure the platform works for all parties and meets everyone’s needs from offer through to completion and post-completion.”
Independent estate agents across Wales have already signed up for Track My Move ahead of its UK-wide roll-out.
Sarah Smith, portfolio investment executive at Finance added: “Properr has an enthusiastic, ambitious and proactive management team who are revolutionising the residential property market.
“They’re supported by a team of savvy property technologists and business development experts.
“Properr’s strong potential for significant growth and profitability made it a perfect fit for our technology-rich portfolio.”