A Bristol-based start-up PropTech platform that includes an ‘Experian-like’ property score, has raised £180,000 from several investors.
Propflo aims to increase vendor instructions for estate agents, while helping potential buyers’ decide on the suitability of a property.
The platform’s founders say that the new platform has generated significant interest amongst property professionals, especially mortgage intermediaries, and the new funding round will allow for further growth.
The funding round was led by Ying Tan, an angel investor, who will join the board as a non-executive director to help grow and provide strategic direction.
Active angel investor Robin Balen who has invested in successful proptech start-ups previously is also part of the round.
Tan commented: “Propflo is a revolutionary product which has ambitious plans to disrupt the marketplace, to create a better property buying experience. This makes it incredibly exciting for me and compliments my other recent investments.”
Daniel Moyo, co-founder and chief data Scientist, added: “We’ve recently expanded our advisory board with Dr Mike Tipping who is a world leader in AI, he joined Verona Frankish formerly part of the leadership team at Mortgage Advice Bureau and current CEO at online estate agents Yopa.
“Adding the market-specific and commercial experience of Ying and Robin to the business creates an even stronger best in class well-balanced team.”