Settled is a proptech platform founded in 2014 by siblings Gemma and Paul Young that enables homeowners to manage everything from the listing to the sale of their property for a one-off fee of £499. The company says its service halves the time to sell a home, cuts fall-through rates from 33% to 7% and saves users an average of £5,000 compared with traditional estate agents. Since launching in 2016, Settled reports £250m worth of homes sold through the platform, delivering an estimated £5m in estate agency fee savings to customers. The business was featured in Startups 100 and positions itself to capture demand as online estate agencies grow. The latest funding will be used to further develop its property transaction platform and reach more customers. The article does not disclose other financial terms or a valuation.

Total raised

$2M

Funding rounds

1

Latest round

Equity

Latest activity

Jun 2017