Currently available in London, in 24 months Movebubble has connected over 150,000 renters with properties. Pre-valued at £3,907,392, Movebubble has synced with Seedrs to raise £800,002 for 16.99% equity; to date, over £383,487 — more than 47% — of its goal has been reached with the help of 86 investors. Two key anonymous investors put in £268,233.66 and £100,005.93.
“Many renters around the world are frustrated and underserved! At Movebubble, we’re on a mission to make renting better, and we put renters at the heart of everything we do.We know that renters can waste hundreds of hours searching for a new home, and it can be super stressful. Our rental platform aims to make renting more trusted, simple and fun!” according to Movebubble on its Seedrs’ crowdfunding campaign. “Today our mobile apps connect renters to properties seamlessly. They can get a response in minutes, schedule viewings, share feedback with the community and can secure a home 24/7 from the comfort of their sofa.”
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Movebubble is for renters, agents and large-scale landlords that are dissatisfied with how they currently find and/or handle properties due to:
- Lack of product innovation.
- Poor communication.
- Advertising expense.
Movebubble aims to appeal to people that are looking for a more convenient way to transact on a new rental home. They can chat anytime, schedule viewings, share feedback with the community and secure a home 24/7. Movebubble’s plan is to have the whole workflow be handled from a smartphone. According to the campaign, Movebubble’s typical renter is a professional aged 23-35 years. Smartphones are their primary device for online purchases, and they’re using apps such as Uber, Deliveroo, and Airbnb. They care about authenticity, honest brands and trust recommendations over traditional advertising.
The platform said that it will continue to focus its core marketing activity in proving London as its first major European city:
“We’ll continue building brand awareness during the next 12 months to help spread the word so that more renters can discover a better way to find their next home,” explained the campaign. “Movebubble distinguishes itself from the competition by having a fanatic focus on putting the renters’ needs first. To the best of our knowledge, we’re the only rental platform to successfully connect both sides of the marketplace, and ensure a world-class experience for renters.”
Movebubble’s Seedrs’ campaign ends in 59 days. For more details, click here. Since launching in 2012, Seedrs, one of the leading crowdfunding platforms in the UK, has seen over 600 deals successfully funded. The platform has raised more than £330 million for smaller firms, but according to CEO Jeff Kelisky in a recent Crowdfund Insider interview, Seedrs expects growth to ramp up rapidly by 2021. While 2017 was their best year ever, Seedrs is just getting started.
“We have a very solid pipeline. An important dimension of continued market growth will be increased familiarity, trust, and reliability,” Kelisky told Crowdfund Insider. “Little by little that will extend. Therefore, as we grow we want to be certain that the things we do are well thought through and sound.”
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