Sales progression proptech wins second seed funding round

The successful closure of Rello’s second round of seed funding sees the total investment raised by the firm to £650,000 in the last 16 months.

This funding round, brings Rello’s total seed funding in the last 16 months to £650,000, reflecting the strength of Rello’s vision and technological advancements in revolutionising the sales progression journey.

The latest capital injection worth £215,000 comes from both new and existing investors, and will be used to accelerate product development, expand the team, and enhance the user experience to deliver even greater value to home movers and industry professionals.

Speed and certainty

Rello is changing the way property transactions work, delivering speed and certainty through real-time updates and higher customer satisfaction. Using Rello’s cutting-edge technology platform, which offers full chain visibility, and a team of experienced sales progressors is a cost-effective way for estate agents to focus time and money on growing their business.

Andy Weston, Founder and CEO of Rello, said: “I am delighted with what Rello has achieved since launch. We are transforming sales progression from a frustrating game of telephone tennis, into a sophisticated, digitally-enabled process, delivering more completions, more quickly for estate agents, mortgage brokers and home movers.

“This investment will support our plan to bring visibility and certainty to the home moving process and help our users complete their transactions faster and with less hassle.”

Rello’s platform offers a suite of features designed to assist users at every step of the sales progression process, including 24/7 full chain visibility via a personalised link, showing what each party is waiting for before they can exchange, and showing earliest possible exchange dates.