Online property platform Settled has announced £1m in seed funding from US venture capital firm 500 Startups.
Founded by siblings Gemma and Paul Young, Settled launched earlier this year and says it has helped its customers sell over £50m worth of property.
Paul Young said: “While a number of property tech start-ups are active in the market, they still impose a barrier between buyers and sellers, effectively telling them that they need a middleman to manage their sale.”
Settled charges sellers £399 upfront, and has a £499 pay later option. It lists on Rightmove and Zoopla.
Comments (6)
Having just spent 1/2 my day trying to neg a deal over a strip of land to enable a buyer to park his car for the huge sum of £10K and a land swop, involving two other parties to boot.
I wonder how much work PB or Settled would put in to get a sale together ?
They dont have to, theyve been paid already!
“While a number of property tech start-ups are active in the market, they still impose a barrier between buyers and sellers, effectively telling them that they need a middleman to manage their sale.” From experience I would suggest that somewhere around 30-50% of sales run into problems that without expert, diplomatic and sensitive handling would probably fall through. Far from being a barrier, proper estate agents get the deal done. The idea of leaving it to the sellers, buyers and solicitors fills me with dread if we are involved in a chain.
wherever I lay my hat……..
Beat me to it!
Better name than Purplebricks at least