Seedcamp invest into Emoov – the leading online estate agent

Sep 18, 2014

Leading online estate agents today announced the latest high-profile investment into its business with the backing of Seedcamp.

Seedcamp is an early-stage micro seed investment fund and mentoring programme. Seedcamp pride themselves on backing ambitious companies with huge growth potential and provides knowledge, network and capital.

Emoov is the leading online estate agency in the UK and since it launched in 2010, they have sold over 2640 properties with a combined value of £630 million. Emoov leads the way with online property sales with a fixed and transparent selling fee of just £395. This has helped saved Emoov customers a staggering estate agency fee of over £11 million.

Founder and CEO Russell Quirk of commented “Since I launched the company just 4 years ago it has been an incredible journey. I shut up shop in my family’s traditional estate agent business to launch Emoov, as I could see the potential for digital disruption within the sector. The online property market is coming of age and I’m really excited to have Seedcamp as part of the company to help us achieve our vision.“

COO of Taylor Wescoatt added “The online property sector is maturing fast and by 2018 will be part of the mainstream, accounting for over 30% of all UK sales. Our product innovations will empower consumers and in property terms, we’re witnessing a historic change. Ultimately, the consumer is going to be the winner.”

Hamilton Bradshaw Real Estate (HBRE) backed Emoov back in December 2013 and co-founder Faisal Butt concludes “Ultimately, business success is all sectors, including technology, is about building dream teams. We feel that the management team at emoov bring together the best of technology, design, and property domain expertise, putting them in good standing to be the leaders in the estate agency sector. We are looking to be the best end-to-end estate agency period, not just the best of the online sub-category. Our partnership with Seedcamp is an important milestone in this ambitious journey.”