Norwich, England-based Homemove, a startup specialised in home moving services, announced recently that it has secured $1.5M (approximately €1.3M) funding from angel investors and family offices without a lead Venture Capital investor.
The company will use the capital to expand its network, accelerate its marketplace technology, innovate, and enhance customer home-moving journeys and experiences with the help of AI.
The capital injection comes as Homemove has rapidly grown its revenues and market share by offering customers a top-rated service in the last 12 months.
As a result, the recent funding round was oversubscribed and drew direct investments from angel investors and family offices without a lead Venture Capital investor, diverging from typical seed-stage raises.
As part of the company’s growth strategy, Louis will take a more active role in leading the tech side of the business moving into the CTO position while James Freestone has moved to CEO.
Louis O’Connell Bristow, CTO of Homemove, says, “With this new funding, we are poised to enhance our technological infrastructure, focusing on advanced AI capabilities to streamline the moving process. Our goal is to fully automate the evaluation and booking procedures through our platform, reducing the time and complexity involved for both users and partners. This technical upgrade will not only optimise our operational efficiencies but also elevate the user experience by providing quicker, more accurate service options tailored to their needs.”
Homemove: Providing moving services, all in one place
James Freeston and Louis O’Connell Bristow founded Homemove in 2022 after experiencing the pain of moving home.
Consequently, the founding duo wanted to ease the moving experience for all future movers by building a one-stop shop.
The platform integrates services such as estate agent valuations, mortgage comparisons, homebuyer surveys, conveyancing services, and removal bookings into a single, streamlined AI-driven digital experience.
The Homemove platform collaborates with thousands of local, independent partners to book them directly with consumers and boost their businesses.
James Freestone, CEO of Homemove, says, “Securing this investment is a crucial step towards transforming Homemove into a recognisable household brand in the proptech sector. Our strategy is centred on expanding our market presence and employing a first-principle approach to innovate and enhance each vertical within the moving value chain. We are rewriting the entire experience and are committed to building solutions to this fundamental problem. This involves not only enhancing our technological offerings but also forging strategic partnerships that will broaden our reach and impact. By focusing on these aspects, we aim to redefine the standards of service in the home moving industry and deliver exceptional value to our customers and stakeholders.”
For home buyers and sellers who are currently mired in fragmented transactions, Homemove is a platform that brings everything together in a single place whilst leveraging innovative AI solutions at every part of the moving experience.
Read the orginal article: https://siliconcanals.com/news/startups/norwich-homemove-raises-1-3m/
