Business in crowdfunding campaign values itself at £3m and promises efficiencies for agents

A business called Propetly is raising money on crowdfunding site Seedrs.

It was incorporated in May 2018 and values itself at £3m.

It is looking to raise £225,000 in return for almost 7% equity, and as of yesterday had raised some £184,000.

Propetly describes itself as being on a mission to increase the efficiency of transactions for property agents and investors.

The pitch says that Propetly “will be a marketplace allowing property investors to find, evaluate and calculate their complete investment project, directly online in minutes”.

Investments on the platform will be pre-qualified by “verified agents”.

It says that the platform will be free to use by investors and agents, and that Propetly will either receive 10% as a referral on all transactions, or charge 25% of the agent fee when the transaction has successfully completed.

Its website is here: https://go.propetly.com/get

Separately, online estate agent nu:move has hit its fundraising target of £150,000 in exchange for just under 7% equity.

However, it said it had raised £152,000 in its first five hours of launch early this month but the rate of fundraising seems to have slowed since.

By yesterday evening, it had raised £153,277 in its crowdfunding campaign on Seedrs.

nu:move Group values itself at £2m.

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7 Comments

  1. AgencyInsider

    Never ceases to amaze me how easy it is to part fools from their money. I really must try it some time.

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    1. NewsBoy

      £2.00 looks a better valuation.

      Another day, another startup looking to “revolutionise” the industry. It is interesting to note that the piece makes absolutely no comment about their knowledge of this business.

      Easy come, easy go – but only if you invest in this wonderful new idea!

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      1. mrfrankowski

        There were people who believed that cars will never replace horses… ‍♂️ I love how the industry opposes anything that challenges the status quo.

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        1. PeeBee

          “I love how the industry opposes anything that challenges the status quo.”
           
          I love the way virgin posters tip up with smart-@ss comments like this whenever an article appears about disrupters – especially those that stoop so low as to numptyfund their next three/six/insert number here months wagebill and biccies for the CEOs coffee station.
           
          Funny how we all “love” different things… innit?

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        2. Property Pundit

          ‘There were people who believed that cars will never replace horses’ Who and when?

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  2. Ostrich17

    “It was incorporated in May 2018 and values itself at £3m.”

    “nu:move Group values itself at £2m.”

     

    The Chancellor missed a trick yesterday – a one-off “delusional” tax would have been very popular with the majority of voters 😉

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  3. GPL

     

    PLOPetly?

     

    ……what a load of? …….Oh hang on ……is that manure over there?

     

     

     

     

     

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