Homemove secures £350k in pre-seed funding from Fuel Ventures to expand its platform
The pre-seed round was led by Fuel Ventures with participation from Oracle VC and angel investors.
Homemove operates a proptech platform that centralises the entire house moving process into a single digital service. The company connects thousands of movers each month with essential property services.
Homemove has secured £350k in pre-seed funding led by Fuel Ventures, with backing from Oracle VC and a group of angel investors. The capital will be directed towards scaling operations and enhancing the firm's proprietary platform. The business has recently recorded strong user growth following a beta launch and subsequent rollout.
Additional backing for the company comes from industry veterans Jason Bushby and James Moore, who have joined the board as non-executive directors. The fresh funds will allow Homemove to expand its partnership network across various UK regions and introduce new technological capabilities for its service providers.
From the founder
"My vision is to significantly improve the home moving process and this funding round is a major step towards achieving that goal. As an ex estate agent, I have witnessed firsthand the issues that can arise in the industry due to poor practices, which can lead to consumers feeling sceptical and negative towards the entire sector."
Louis O’Connell-Bristow
at Homemove
Investor perspective
"Homemove stood out to us because of their innovative approach to building and maintaining relationships not just with estate agents and movers, but across the whole home moving value chain. When combined with the robust industry and commercial experience of the founders, alongside ex-Rightmove Commercial Director Jason Bushby and seasoned marketplace exec James Moore joining as NEDs – we at Fuel think team Homemove are well placed to bring this highly fragmented market into the 21st century."
Mike Stevenson
Principal, Fuel Ventures
Use of funds
- 01Grow the team
- 02Continue product development
- 03Expand into international markets
