New rating website raterAgent sailed way over its target in a round of crowdfunding.

The target of £75,000 was exceeded by 80% to reach £134,000 via Crowdcube.

Chief executive Mal McCallion said: “We closed our fundraising round 15 days early because we did not want to give away any more of the business at this point.”

Altogether, there were 133 investors in the business which aims to become the TripAdvisor for the UK estate agency world and to challenge the established “rate and slate” site allAgents.

The investors have acquired between them an 11.86% stake in raterAgent.

McCallion said: “We launched fully at the end of April and have got off to a cracking start.

“We have 1,000 registered users, and 500 agency branches signed up.

“We have partnerships under way with Connells, Marsh & Parsons and Webbers, moved into new offices and made our first staff hires.

“We’re also among the sponsors and exhibitors at this month’s Times and Sunday Times Letting Agent of the Year Awards.

“It is a really exciting time, with plenty more to come, including consumer activity.”

The website is here