London-based proptech startup Homesearch has secured £5m in a Series A funding round led by Octopus Ventures.
Homesearch will use the capital to add more data insights to its property platform, which is used by estate agents to generate leads.
According to the startup, clients see an average 1,100% return on investment (ROI) through using the platform. They hope to further increase that ROI to 1,500% by the end of 2022.
Giles Ellwood, Homesearch CEO, said: “We believe that information should sit at the very heart of an agent’s prospecting, marketing, and customer service and it was this vision that Octopus shared with us immediately.
“Our unique way of interpreting and processing data into usable information with straightforward tools allows estate agents to support their clients with finding their dream homes in record time.
Uthish Ranjan, principal at Octopus Ventures, added: “Homesearch has built a compelling product for its target customers – the underlying data is its core strength and one of the aspects of the business we are most excited about.
“This has come through in its performance, with the company delivering a strong period of growth over the last 18 months alongside a supportive customer base. We are excited about working with Giles and team on delivering their next stage of the company’s evolution.”
Image: Giles Ellwood, Homesearch CEO (Credit: Homesearch)
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