HouseSimple.com has secured a further £20m growth capital as it plans to build on its success and challenge PurpleBricks as the UK’s leading online estate agency.
The funding round was led by existing investors Toscafund Asset Management and Freston Ventures, the private investment vehicle of Carphone Warehouse founder Sir Charles Dunstone and his business partner Roger Taylor and other individuals.
This year, HouseSimple says that it has listed more properties than any other online estate agent, except Purplebricks, having invested heavily in technology, building a 30-strong technology team to work on streamlining and improving the customer experience of selling or renting a property.
Alex Gosling, Co-Founder and CEO of HouseSimple.com says, “This latest funding is not just about capital and marketing investment, it is also sending a clear message of intent from our investors.
“As we move into new, larger offices in Colchester, it will help us continue rapid expansion and make 2018 our best year ever. We are focusing on our performance-driven, cost-effective and scalable online model. Whatever we do, our priority will always be on delivering the best results for our customers.”