Homemove, a notable player in the proptech sector, has recently concluded a successful funding round, raising $1.5 million to revolutionize the home moving process. The platform aims to streamline fragmented transactions for home buyers and sellers, leveraging cutting-edge AI solutions across all stages of the moving journey.
Over the past year, Homemove has experienced significant growth, increasing both its revenues and market share by providing customers with top-tier services. This success has garnered substantial interest from investors, leading to an oversubscribed funding round that saw direct investments from angel investors and family offices, bypassing the traditional lead Venture Capital setup.
Homemove’s approach integrates various services crucial to the home moving process, including estate agent valuations, mortgage comparisons, homebuyer surveys, conveyancing services, and removal bookings. These services are seamlessly integrated into an AI-driven digital platform, connecting users with carefully selected partners to ensure a comprehensive and efficient experience.
In a strategic move for growth, Louis O’Connell Bristow will transition into the role of CTO, focusing on enhancing Homemove’s technological infrastructure. Simultaneously, James Freestone will step into the CEO position, effective May 1st, 2024.
Louis O’Connell Bristow, CTO of Homemove, commented on the funding, stating, “Our investment focus will be on advancing AI capabilities to streamline processes and improve user experiences. By automating key procedures, we aim to simplify the moving journey for both users and partners.”
James Freestone, CEO of Homemove, emphasized the importance of this investment in propelling Homemove into a prominent position within the proptech industry. He highlighted their strategy of expanding market presence, innovating within the moving value chain, and forging strategic partnerships to deliver exceptional value to customers and stakeholders.
The funding infusion will fuel Homemove’s expansion plans, bolster marketplace technology, drive product innovations, and enhance customer experiences through AI-driven solutions.
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By Proptechbuzz
By Ravi Kumar
