Participated · Equity · Apr 2024

Coadjute is a London, UK-based platform that brings estate agents, conveyancers, mortgage lenders, buyers and sellers together in a single verified network. The platform enables secure, standardised sharing of homebuying data — from deeds and digital identity to financial transactions — regardless of the systems participants use. Led by CEO Dan Salmons, Coadjute is focused on improving the speed, security and transparency of moving home in the UK. The company plans to expand its national roll-out and broaden the network to include mortgage brokers and additional lenders. It intends to use the newly raised funds to expand its offering and roll out to more home movers and the professionals that serve them. Coadjute raised £10m in funding from major UK property-market players to support that expansion. Coadjute is a London-based company that provides a blockchain network for the UK property market. Its core product is a real-time network built to speed up property transactions, utilising R3 Corda enterprise technology. The network is described as bank-grade and designed to provide secure, real-time connections to cut costs and improve security and efficiency. Led by CEO Dan Salmons, Coadjute plans to use the new funds to continue rolling out the network and develop services for buyers, sellers, and the financial services industry. This latest £4M round brings its total funding to £14M following prior financings in 2019, 2020 and 2021. The company aims to serve transactional participants and financial institutions through secure blockchain infrastructure. Coadjute operates a blockchain network that enables existing software used by estate agents, conveyancers, mortgage brokers and lenders to become interoperable, allowing parties to synchronise and share progress updates, property information, digital identities and payments. Led by CEO Dan Salmons and based in London, the platform focuses on end-to-end coordination of property transactions. The company plans to roll out the network across the UK over the next 24 months and to expand its sales, marketing and operations teams. Coadjute aims to bring mortgage brokers and lenders onto the network and introduce new services such as the movement of digital identities, mortgage funds and property titles. Financially, the company completed a £6m Pre-Series A round that brought total funding to date to £10m. Colin Greene of Praetura Ventures is joining Coadjute’s board as a non-executive director. Coadjute (fka Instant Property Network) is a London, UK-based network for decentralized workflow and data sharing within the property industry. Led by CEO and founder John Reynolds, the company leverages blockchain, IoT and AI to create decentralized, cooperatively governed networks. These networks enable businesses in property ecosystems to collaborate and coordinate work and business processes through open data, shared ledgers, orchestrated workflow, smart contract automation and analytics. The company raised £750,000 in seed funding; the backers were not disclosed. It intends to use the funds to continue development of two products: Quality Chain, which optimizes and tracks construction projects from inception to occupation; and Instant Property, which optimizes the buying and selling of property.