Bristol, April. 29, 2022. Start-up based in Bristol Propflo announced it has successfully closed its £ 180k pre-seed funding round from strategic investors to grow its ownership transparency platform.
The platform, which includes an ‘experiential-type’ property rating to which homeowners can add context, as well as sustainability insights and support to prepare sellers and buyers, has sparked considerable interest among real estate professionals, especially property owners. mortgage brokers. The main objective of this funding round was to engage strategic investors with relevant experience to accelerate growth.
The round was led by Ying Tan, a successful founder and investing angel. After becoming one of Goldman Sachs’ youngest vice presidents, Ying built a substantial portfolio of properties before founding Dynamo in February 2006; came out in May 2021 after growing the company to become one of the leading and largest mortgage brokers in the UK. Since his departure, he has become the non-executive president of Knowledge Bank, an award-winning mortgage policy search system.
Ying will join the board as a non-executive director to help grow and provide strategic direction, he will also be joined by his trusted colleague Penny Desborough who has been instrumental in many of his previous success stories. Active angel investor Robin Balen Those who have previously invested in successful proptech start-ups are also part of the round.
Ying commented, “Propflo is a super exciting opportunity for me. When I left my business, I wanted to support and empower the next generation of entrepreneurs. Luke already has an excellent track record and has all the amazing attributes I look for in founders.
Propflo is a revolutionary product that has ambitious plans to disrupt the market, to create a better property buying experience. This makes it incredibly exciting for me and compliments my other recent investments. I am delighted to be part of his next chapter of growth and the exciting journey that awaits us. “
“I truly admire what Ying has accomplished in the mortgage brokerage industry and his knowledge of the real estate and mortgage market will be a great asset to Propflo. When I discussed the opportunity with him, I felt that our values were aligned and that we could work very well together to build a great business. I am also delighted that Robin also participated in the round; his advice in previous proptech initiatives has proved invaluable. said Luke Loveridge, founder and CEO of Propflo.
“We recently expanded our advisory board with Dr. Mike Tipping, a world leader in artificial intelligence, joined Verona Frankish, formerly a member of the Mortgage Advice Bureau leadership team and current CEO of Yopa online real estate agents. Adding Ying and Robin’s commercial and market-specific expertise to the business creates an even stronger and more well-balanced team. ”Said Daniel Moyo, Co-Founder and Chief Data Scientist.
Propflo is a platform for decision support and transparency of real estate transactions based on machine learning (a form of artificial intelligence). It was founded by a successful proptech entrepreneur Luke Loveridge and geospatial and risk data scientist Dr. Daniel Moyo. The company has a strong consulting team that includes Yopa CEO and former Purplebricks MD Verona Frankish and Dr. Mike Tipping, a world-leading artificial intelligence expert.
Propflo Secures £ 180,000 Pre-Seed Investment Led by Ying Tan – UK Technology Investment News
Source link Propflo Secures £ 180,000 Pre-Seed Investment Led by Ying Tan – UK Technology Investment News