The top 10 UK Real Estate deals collectively raised $277.3m, with seven of these deals being completed by just two companies (Nested and YOPA). The country’s subsector has experienced moderate growth in investment from $53.9m in 2015 to $93.9m in 2019. Alex Edds, the Director of Innovation at JLL UK, commented that PropTech will likely continue to grow and receive financial support moving forward.
In one of the biggest deals in the UK subsector Nested (Nextday Property), a UK online estate agent, raised $128.5m in a debt financing round in November 2018. The company used the funding to grow their workforce and to continue advancing their property technology. Nested stated that the funding will allow the company to keep providing solutions to customers that have trouble moving home.
Yopa, a UK online estate agent, raised $34.9m in a series C round led by LSL Property Services in September 2017. The company used the investment to continue funding their TV, radio, and print marketing campaign. Since then, Yopa has continued to grow its market share and is currently in a strong position to become the UK’s eighth largest real estate company.
The data for this research was taken from the FinTech Global database. More in-depth data and analytics on investments and companies across all FinTech sectors and regions around the world are available to subscribers of FinTech Global. ©2020 FinTech Global
