The UK online estate agency Settled has closed £1.2 million in funding to further develop its product.
Settled is a relatively young agency – it was launched in 2016 and founded two years prior in 2014 by siblings Gemma and Paul Young.
The business enables homeowners to manage everything from the listing to the sale of their property, for a one-off fee of £499.
With the fresh funding, led by Venture Capitalists, Connect Ventures and Piton Capital, Settled plans to develop its property transaction platform and reach new consumers
“We’re passionate about creating platforms and technologies which empower a new and growing segment of consumers who simply want buying and selling homes to be more straightforward, modern and digital,” said co-founder Gemma Young.
“Think about what’s been achieved when companies like Uber applied fixes to the taxi industry allowing us, now, to travel at the click of a button….We all strive to own our own home and to move along the property ladder but we tend to dread the processes we have to go through to get there. We’re focused on tackling the problems; creating a next-level approach to buying and selling homes which will help everyone feel more ‘Settled’.”