A new app for house hunters in London that enables them to search for homes to buy or rent has secured £200,000 in start-up funding including £162,500 from government-backed venture capital firm SFC Capital.
Called Crowdhaus, it is a ‘property discovery app’ that house hunters use in a similar way to dating app Tinder to ‘swipe left and right’ to reject or approve properties they like. The app is also able to scan a code on property window displays and for sale board to enable people to see more details about a property and interact with the agent involved.
The app can then be used to connect couples, families and house sharers to whittle down their preferred home without the need for what it describes as ‘disjointed text conversations’.
The new cash will be used to develop the iPhone app it launched in February, build an Android version, hire more talent and links up with more agents to build its inventory.
The app has completed a successful pilot with the Kensal Rise branch of Winkworth and has made it thus far largely with government backing both through the British Business Bank, the Geovation accelerator programme and an Innovate UK Smart Grant application.
Edward Stevenson (pictured), Investment Executive at SFC Capital, says: CrowdHaus is working on a fantastic product that is aimed at a significant section of the market that is currently inadequately served by the current solutions.
“We are excited about what the future holds for the company, in a space that is crying out for change.”
The app’s co-founder Conan Osborne, adds: “We are looking forward to combining our ambitions with their start-up expertise to take the business to the next level. Our vision is to become the go-to property discovery platform for a digitally native audience”.