eMoov.co.uk receives £1.5m financing to continue it’s growth.
Leading estate agency disruptor eMoov.co.uk has received a significant boost, securing a £1.5m financing that they will be investing to improve customer experience. The online estate agency concept eMoov has experienced strong growth this year and, with a customer satisfaction rate of 98%, the online estate agency has gone on to sell over 3,500 properties, offering home owners an approximate saving of over £11.5 million in fees.saving home sellers an estimated £11.5m in estate agency fees.
“Challenging the traditional high street estate agency model, eMoov combines a team of experienced sales negotiators with an alternative outlet for selling properties that includes access to all the major property listing websites. Fees start at just £495, representing a saving of over £3,500 for the average UK property vendor.
“We’ve taken the lead position in the online estate agents market – which has doubled its market share every year since 2010,” comments Russell Quirk, CEO. “This capital injection will fund the completion of our new customer platform as well as enable us to expand our marketing efforts.”
The will sure be a shake up in the UK property industry, especially with the entrance of OnTheMarket on the portal scene. Investments are pouring in for tech / online companies, especially with options such as Crowd Funding. Venture capital investors are always on the look out for online businesses with a good growth potential and it appears that eMoov has caught the attention!
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