UK-based property discovery app Crowdhaus gets a capital injection of £162K
Summary
In a recent development, UK’s property discovery platform, Crowdhaus raised £162,500 pre-seed funding led by SFC Capital to fuel its growth plan. Alongside giving further runway to the business, the SFC investment will enable the team to focus on four primary objectives: • None Building out the iOS app that launched in February of this year • None Forging new partnerships, and expanding on those with others, including specific Winkworth branches 2020 was a crucial year in Crowdhaus’ journey, with the Government-funded Geovation accelerator programme providing the company with early stage funds and the support needed to bring the founders’ ideas to life. This was followed by a successful Innovate UK Smart Grant application, which helped the team turn the MVP into a scalable platform and implement their property matchmaking algorithm – which is set to deliver this quarter. This funding will enable the business to go out and explore partnerships in the home moving funnel, having just completed a successful trial with a Winkworth lettings & sales branch in Kensal Rise, London. With an amazing team building the product in house, it’s such a boost to gain the support from one of the most recognisable names in the early stage VC space.