Last week, property technology (protech) platform No Agent launched its equity crowdfunding campaign on Seedrs. In less than one week, the company secured its initial funding target of £350,000 and is now nearing £400,000 from more than 100 investors.
Founded earlier this year, No Agent has created a fully digital property management platform that notably automates the entire rental process. This system puts landlord in control of every step in managing their properties. The company reported that since its platform’s launch, more than 3,000 users have registered on the website.
“We provide a full menu of services that the landlord can choose to use if they wish, or they can source their own solution. These include: No Agent managing the viewings for the landlord, arranging professional photography and floorplans, organising gas safety certificates, the EPC and providing maintenance options, all supplied at transparent highly competitive prices. There is also the opportunity to provide a wide range of insurance products to both landlords and tenants.”
Funds from the campaign will be used for continuous growth and development of the No Agent platform, which includes scaling online marketing and bring more product development resource in house. The company stated it is aiming to achieve 1,150 subscribed properties before seeking Series A investment.
In a recent update, CEO of No Agent, Calum Brannan shared his thoughts about the campaign’s success so far and announced the company made the decision to go towards its stretch goal of £500,000. He added:
“This will be a great opportunity for the business and therefore we invite further investors to consider our pitch. I can confirm that for eligible investors the overfunding will be subject to EIS relief.”
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