£5m boost to Homesearch from Zoopla backers

Proptech firm, Homesearch, has completed on a major £5million funding round with VC firm who backed Zoopla.

homesearch After a record year of growth, award-winning property data and estate agent prospecting platform, Homesearch, has today completed a £5m Series A funding round with Octopus Ventures, the venture capitalist firm that originally backed Zoopla.

Homesearch, which enables estate agents to generate new leads and win more instructions, will use the major investment to fund its ambitious growth plans. It has quickly become the go-to prospecting solution for over a thousand leading independent estate agents as well as established market leaders such as Knight Frank, Hamptons, Kinleigh Folkard & Hayward.

The London-based firm will now further enrich the data available to agents and rapidly expand its product base to better embed property data into the housing market customer journey, to enhance the volume and quality of seller and landlord leads delivered to its estate agent subscribers.

Homesearch claims that agents currently using the platform see an average 1,100% return on investment. Part of the latest investment will help the company to further increase that ROI to 1,500% by the end of 2022.

Giles Ellwood, Homesearch CEO, said “We believe that information should sit at the very heart of an agent’s prospecting, marketing, and customer service and it was this vision that Octopus shared with us immediately. Our unique way of interpreting and processing data into usable information with straightforward tools allows estate agents to support their clients with finding their dream homes in record time. And that results in more instructions and many more satisfied clients. This major investment is a key stage in our exciting journey towards transforming the way estate agents do business.”

Uthish Ranjan, Principal at Octopus Ventures, said: “Homesearch has built a compelling product for its target customers – the underlying data is its core strength and one of the aspects of the business we are most excited about. This has come through in its performance, with the company delivering a strong period of growth over the last 18 months alongside a supportive customer base. We are excited about working with Giles and team on delivering their next stage of the company’s evolution.”

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