Ready to grow its already successful business, #FundedClub member Emoov revealed to UK-based equity crowdfunding platform Crowdcube that it is planning to expand in 2016.
Named a ‘Disruptor of the Year’ by the FT, Emoov is an online estate agent platform backed by James Caan, Maxfield Capital and Episode 1, the VC behind Zoopla and LOVEFiLM. Challenging the property sector, the company charges a fixed-rate, lower fee, which, according to the company has saved its customers £6m. Led by a team alums from Groupon and Rated People, the company’s bespoke platform is built for scale.
Crowdcube announced:
“Emoov has just sent out its first investor update announcing the company’s plans for 2016. Emoov, which funded on Crowdcube last month, raised over £2.6m in just under one month thanks to 765 investors, smashing its original £1m target.
“Backed by successful entrepreneur and former member of Dragon’s Den James Caan, Maxfield Capital and Episode 1, the Venture Capitalist behind Zoopla and LOVEFiLM, Emoov is an online estate agent challenging the property sector by charging a fixed-rate, lower fee, which so far this year has saved its customers £6m. Emoov say they differ from their competitors by providing exceptional customer service at a price that beats the high street, and using bespoke technology that empowers sellers and buyers, ensuring that the process is honest and transparent.
“With the infusion of funds raised from its crowdfunding round, Emoov is planning some great expansion moves in 2016. These include growing the number of properties it lists to over 8,000, a 100% increase from 2015, as well as increasing its marketing spend by nearly 400% to fuel this expansion. The company has already grown the team and customer base, made improvements to its website and received over 1,200 press mentions to date.”
Sharing his gratitude for the company’s investors, Russell Quirk, founder and CEO of Emoov, noted:
“The variety [of investors] is testament to the nature and ethos of the company. [It is] extremely well positioned to push forward and meet the aspirations set for the coming year”, and “by continuing to put technology and people at the heart of what we do, we’ll ensure that eMoov is the winner in the online space.”
The crowdfunding platform also added that, with such a fantastic raise behind them, Emoov is using the funding to grow the business, welcome new customers and increase its focus on marketing and technology use. The company has a busy and exciting year ahead, which it is looking forward to sharing with all of its investors.
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