Double the money! eMoov crashes through £2m mark to set new fundraising record

Online agent eMoov yesterday reached £2m in its fundraising campaign.

The amount is said to make it the biggest proptech crowdfunding raise in history.

The firm had originally set out to raise £1m by the end of September in exchange for 5% equity in the business – giving eMoov a valuation of £20m.

Yesterday afternoon, the pitch on Crowdcube reached £2,036,760, from 536 investors, equivalent to a 9.68% stake in the business.

Today is the last day of the pitch.

One proptech analyst, Eddie Holmes, said that eMoov’s fundraising was among the top five for all types of businesses on Crowdcube, and that if the total sum reaches £2.5m, it would be in the top five equity crowdfunding campaigns in Europe.

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5 Comments

  1. Ric

    I remember when a target for an estate agency business was list, sell and exchange.

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  2. Kopredwebb

    I cant believe anyone would invest in a business called emoov

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  3. GlennAckroyd

    Whatever your opinion on the model, I most say that the video, brochure and releases by Russell Quirk were top notch marketing. Time will tell whether or not it’s a good investment, but credit where it’s due. Mr Quirk knows how to sell his business.

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    1. PeeBee

      Okay… shiny ********-wrapping and clever videos to one side – what say you about his multitudinous claims for past, present and future performance?

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  4. robinhud

    I also never hear about this online business emoov. Affiliate marketing is the best choice for earning online, it has become the most authentic way of earning at home. There is a sufficient number of affiliate marketing networks, some of them specialized in certain areas, and some – on sales of only high-quality products / services. In the process of market research you yourself determine the optimal for your product or service online. Then you will be required to register with the selected network, and possibly make some money, as guarantor of the future commission. To get more information about any type of affiliate website like price comparison website development ileaddigital.com/services/web-design/affiliate-cms-development. Thanks for making the nice effort.

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