Settled

Online estate agent Settled gets £1.2m in funding

Settled, an online estate agent which was launched a year ago and claims to help vendors cut ‘time to sell’ in half when compared to traditional agents, has won £1.2 million in funding from two venture capital firms. The backing includes money from Piton Capital, which is already funding two other property companies, Paris-focussed online property information firm MeilleursAgents.com and German removals platform Move24. Settled was set up by former Google executive Gemma Young with her brother Paul (pictured, right) who has a background in online marketing, in 2014. Online estate agent The pair raised seed funding from entrepreneur John Hegarty’s start-ups venture capital firm The Garage Soho, and subsequently picked up £1m from a Silicon Valley venture capital firm – 500 Startups – last year. Hegarty is one of the three people who set up legendary advertising firm Bartle Bogle Hegarty during the 1980s. The online estate agent launched last year and at the time said it was aiming to disrupt the UK property buying and selling process by empowering home owners and cut out the middleman. The company now says it has sold properties worth £250m. It charges £499 to sell a property, a fee that can either…