Homemove secures £350k in pre-seed equity funding, boosting Norwich’s tech sector
Updated: Jan 23
An exciting young Norwich-based tech business Homemove has been successful in securing funding through Anglia Capital Group as part of a £350,000 raise.
“Homemove are an excellent example of the exciting, ambitious tech companies which are coming out of our region. The Founders came to us with a fantastic pitch and immediately impressed our members with their idea to simplify the home moving process and their clear growth plans. We’re looking forward to seeing this Norwich-based start-up grow and flourish.” Hannah Smith, Managing Director, Anglia Capital Group.
Homemove is augmenting the home moving process through technology. The company’s goal is to redefine the way people move home by addressing the challenges of the highly fragmented industry, including lack of price transparency and a complicated customer journey involving multiple businesses such as estate agents, solicitors, mortgage brokers and utility providers.
Homemove aims to simplify the process by digitizing the journey of moving home and providing customers with a one-stop-shop to find the best services and stay informed throughout the move.
“I am thrilled to announce that we have successfully secured funding from a group of local investors. Our company is dedicated to fostering and growing tech talent right here in Norwich, setting ourselves apart from the many tech businesses that rely on offshore solutions. Our goal is to establish a nationally recognized brand with deep roots in Norwich and we couldn’t have found a better partner than the ACG investor group to help us achieve that vision.” Louis O’Connell Bristow CEO & Co-Founder, Homemove.
“I connected with the Anglia Capital Group team, led by Hannah, in early 2022 and was immediately struck by the depth of their network of high-powered investors in East Anglia. I seized the opportunity to pitch our vision live to the group’s members and, as a result, secured crucial funding that will fuel our rapid growth and aggressive go-to-market strategy.” James Freestone CEO & Co-Founder, Homemove.
The company, established in January 2022, has already achieved unprecedented growth since launching their product last June. Their platform, which has onboarded 400 estate agents and is already generating revenues and is set to disrupt the disruptors of the prop-tech industry.
Boasting an all-star advisory board, including property industry veteran Jason Bushby, the Commercial Director of Rightmove and James Moore, COO of Shift and marketplace expert, the team is poised to make a massive impact in 2023 and put Norwich firmly on the tech start-up map.
Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment, and you are unlikely to be protected if something goes wrong. Take 2 mins to learn more.