London-based startup, Homesearch, has today announced the completion of a €6 million Series A funding round with Octopus Ventures, the venture capitalist firm that originally backed Zoopla.
Homesearch is a next-generation property data and prospecting system where real estate agents can find, target, and research the housing market using comprehensive property data.
Founded in 2017, the platform is empowering property professionals to generate new leads and win more instructions and has ambitious plans to expand with this new funding. The proptech firm has already become the go-to prospecting solution for established market leaders such as Knight Frank, Hamptons, Kinleigh Folkard & Hayward, (as well as over a thousand leading independent estate agents).
Providing the most comprehensive information on every home in the UK and all the tools needed to stay ahead in the property market, it’s claimed that agents currently using Homesearch see an average 1,100% return on investment (ROI) through using the platform. Part of the latest investment will help the company to further increase that ROI to 1,500% by the end of 2022.
Giles Ellwood, Homesearch CEO, said: “We believe that information should sit at the very heart of an agent’s prospecting, marketing, and customer service and it was this vision that Octopus shared with us immediately. Our unique way of interpreting and processing data into usable information with straightforward tools allows estate agents to support their clients with finding their dream homes in record time. And that results in more instructions and many more satisfied clients. This major investment is a key stage in our exciting journey towards transforming the way estate agents do business.”
Homesearch will now further enrich the data available to agents and rapidly expand its product base to better embed property data into the housing market customer journey, to enhance the volume and quality of seller and landlord leads delivered to its estate agent subscribers.