Rabo Frontier Ventures led the Series C round, which brings Trussle's total funding to £26.7m.
"The slow-moving and complex mortgage market is one of the biggest pain points of owning a home. Trussle is leading the way in reshaping the way people interact with their mortgage by utilising technology to make mortgages smarter, faster and fairer. We’re looking forward to working closely with Trussle on the next phase of their journey to redesign the mortgage application process, as well as additional services to better support their customers through the home ownership journey."
The Series B round was led by AO Proptech and Target Global with backing from Round Hill Ventures.
"It’s a massive market we operate in with very old systems in place. There are long-standing structural barriers that housing companies have to overcome in order to deliver a good tenant experience. By digitising the supply chain we’re creating a larger, more dynamic market of locally-available tradespeople and removing unnecessary manual processes, significantly improving the tenant or leaseholder experience."
The London-based real estate fintech startup secured equity and deployment capital from prominent backers to scale its property platform.
"Selling a property is the biggest and often most stressful transaction in our lives. It takes on average 191 viewings and many months to identify a buyer. About 40%2 of transactions still fall through at that point due to financing risk, changing circumstances and minds. When selling to IMMO, customers enjoy a chain-free, professional experience that is fast, reliable, transparent and convenient. We offer attractive prices without charging fees and enable homesellers to plan their lives around this important transaction."
