Less than three years after securing £2.5 million through its first Crowdcube funding round, online real estate agency, eMoov, has returned to the equity crowdfunding platform and quickly secured its initial £1 million funding target in less than 24 hours after launching. The campaign’s debut comes just after the merger of eMoov, Tepilo, and Urban.co.uk.
Founded in 2010, eMoov provides a fair cost solution to selling across England, Scotland, and Wales. It also offers a low fixed fee, technology-enabled consumer empowerment, 24/7 access, and a ‘customer first’ service proposition. The company claims it has achieved “Number 1” status for customer service (AllAgents) for the last three years. Other awards include:
- FT Top 50 Innovator of the Year
- UK Prop-Tech Association Best Marketing Campaign
- Best Online Agency (2018)
- Best Hybrid Agent (x3 winners)
The company also reported:
“Our team of Local Property Agents visit the home to provide a valuation (just like a high street estate agent). Our centralised team of administrators, negotiators, and sales progressors oversee and progress each transaction so that the customer doesn’t have to (just like a high street agent). We charge a fixed fee of either £1,995 (on completion) or £895 upfront. High street estate agents typically charge 1%+ VAT of the sale price (£3,000 avg).”
All funds from the latest round will be used to continue eMoov’s growth and expansion. The campaign is currently set to close at the beginning of August.
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