As lockdown easing continues, here are some of the main PropTech news stories to have hit the headlines during August…
Offr Gains £2.7m Seed Funding From Barclays
Multi-faceted PropTech platform Offr has received £2.7m seed funding from Barclays, bringing their total funds raised to date to £3.6m.
The platform allows agents to upgrade their website to accept offers, hold auctions, and book viewings all from any device. It also helps digitize the process by allowing proof of fund and legal documents to be uploaded while documents can also be electronically signed.
Fully customisable to match the estate agents’ brand, any website can become fully transactional in a matter of moments.
Billed as a ‘transaction infrastructure platform’, it’s claimed to help estate agents, solicitors, buyers and sellers.
Skrap Announces £1.2m Seed Fundraise From Range Of Investors
Self proclaimed ‘skip hire disruptor’, Skrap have announced they have raised £1.2m seed funding to help further their quest to transform how everything is hired in the construction industry and create an on-demand culture.
The London-based PropTech startup was founded in 2017 as a construction hire marketplace available on a mobile app.
With a team currently numbering 25 people, the platform has already been trialled in London, Birmingham, and Manchester, completing over 10,000 deliveries to construction companies large and small.
The growth of the company looks set to come as they expand into more major cities and seek to automate the construction hire supply chain.
Moda Living Creates UK-Wide Partnership With Utopi
The partnership will see Utopi install it’s ‘Smart Building’ technology, which includes measurements for humidity, temperature, CO2, light, noise, motion, and occupancy to create an overall wellness score, throughout Moda’s residential communities.
It’s hoped the partnership will improve building operations and the sustainability of all Moda Living neighbourhoods.
MRI Software Acquires Housing Partners
Social housing technology provider Housing Partners has been acquired by MRI Software, a global leader in real estate software solutions in a deal that hopes to drive increased innovation for the benefit of tenants and make it easier for providers to comply with regulation, identify trends and improve services.
Mashroom Raises £4m
London-based PropTech firm Mashroom have raised an additional £4m, bringing their total funding to £7m.
The firm provides an end-to-end automated lettings and property management service alongside a property sales and mortgage business that gives them a full-stack residential property offering. The new funding will help finance the firms growth and development plans.
Movewise Raises £600k
PropTech startup Movewise has raised £600,000 from several investors bringing their total funding to £1.1 million.
The London-based firm help to connect sellers with estate agents to help achieve higher property sale prices. The new funds will help further develop the platform, particularly in the legal and landlord sectors.