PropTech platform Offr has reportedly nabbed £2.7m in its seed round, which will support its international expansion.
Barclays acted as the lead investor, with additional commitments coming from Delta Partners on behalf of Bank of Ireland, AIB, Enterprise Ireland, The European Investment Fund and Frontline Ventures, according to a report from Crowdfund Insider.
Capital from the round will be used to increase international expansion and will further develop its transaction infrastructure.
Offr is an online property platform that lets users buy and sell property. The platform enables buyers to make private offer, bid in property auctions, book viewings, upload proof of funds, download legal documents and sign contracts digitally.
Earlier in the year, the company took part in the Barclays London Accelerator, the article said.
The company claims to have been responsible for the world’s first entirely digital property transaction, due to the Covid-19 forcing people to move online, the report claims.
Offr co-founder and CEO Robert Hoban told Crowdfund Insider, “COVID has changed the landscape completely, it closed off real-estate; we’re bringing it online. I expected we’d be where we are today in five years’ time. We built Offr with a clear and simple goal, to change the way property is bought and sold; to make it faster, more transparent and more enjoyable for real estate agents, buyers and everyone else involved in the process.”
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