PropTech startup Proportunity has raised £2m in a seed round backed by FinTech investor Anthemis and Axel Springer Digital Ventures, the venture capital arm of European digital publisher Axel Springer.
Anthemis has previously backed InsurTech startups Termor’s $10m and Insurdata’s $3m funding rounds.
Proportunity’s new round was also backed by previous investors, including Global Founders Capital, Concrete VC, Savills, EF, Trusted Insights and Le Studio VC.
A group of angel investors also supported the round, like Nested CEO Matt Robinson, Chris Mairs of Entrepreneur First and Charlie Songhurst who serves on the board of Proteus Digital health.
Co-founder Vadim Toader told TechCrunch that the Proportunity provides prospective property purchasers with equity loans of up to 15% of a property’s value, enabling home buyers to put down bigger deposits and secure more competitive mortgages in a way similar to that UK government’s Help To Buy scheme.
The investment comes as the UK PropTech scene has attracted almost two-thirds of the deals going into the entire European market between 2014 and the first half of 2019. In that period, $1.4bn was raised by European PropTech businesses, according to FinTech Global’s data.
