Yopa gets ANOTHER £20 million to fund its expansion

Savills has injected another tranche of cash into hybrid estate agency Yopa alongside several other investors, taking the total invested in the firm to £75 million. News emerged over the Bank Holiday weekend that Savills was one of four shareholders to raise a further £20 million for the company on top of previous cash calls. This latest round includes Savills’ subsidiary Grosvenor House and the Daily Mail’s parent company DMGT. “We’ve closely followed the dynamics of the property market and believe that technology-driven consumer demand will move estate agency transactions from the high street to online hybrids such as  Yopa,” says Manuel Lopo De Carvalho, CEO of dmg ventures. Yopa says the new cash will be used to recruit more local representatives, upgrade its tech and fund a new customer services operation in Watford. The total raised so far includes £16 million in 2016 just a few months after it launched, while last May it raised £15 million in a similar cash-call on investors plus a further £27.6 million in September. Market share This means the business has now completed all the traditional funding rounds that start-ups usually attain, and it’s likely that investors will be expecting Yopa to start grabbing…