Cardiff-based proptech firm Openmoove has secured £700,000 in equity funding to expand its platform, grow its team and accelerate its rollout across the UK property sector.
The investment was led by the Development Bank of Wales, which contributed £350,000 through its Wales Technology Fund, alongside £335,000 from early-stage venture firm HAATCH and a group of Welsh angel investors.
Founded in 2024 by Ross McKenzie and Cai Gwinnutt, Openmoove has developed a business-to-business platform designed to streamline workflows for estate agents, conveyancers and mortgage brokers, aiming to reduce administration and improve communication during property transactions.
The platform integrates with existing systems used by property professionals, providing a shared data and communication layer without requiring users to adopt new software environments.
The company has spent the past 18 months developing and testing the platform with early users, while securing interest from estate agency groups and conveyancers. The latest funding will support further product development, and the investment is expected to create six new jobs in Cardiff.
Chief executive McKenzie has extensive experience in the property sector, having held senior roles at Purplebricks and Countrywide before founding Cardiff-based estate agency Isla-Alexander, which he sold to TAUK in 2025.Â
Gwinnutt, the company’s chief technology officer, brings 20 years of experience across startups and engineering, with previous roles including OnExamination, Amplyfi, Cyber Innovation Hub and Tramshed Tech.
McKenzie said: “We’re proud to be building Openmoove in Wales. This is a Welsh business, founded by two people who have grown up and built their careers here, and we’re excited to be creating jobs in Cardiff as we move into the next phase of growth.”
Gwinnutt added: “Our focus has been on creating technology that fits around the systems professionals already use, rather than forcing them to change behaviour or adopt a completely new way of working.
“We’ve developed a market-ready product, tested it with early customers and are now in a strong position to accelerate our growth.”
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