{"id":74,"date":"2014-09-08T09:00:32","date_gmt":"2014-09-08T09:00:32","guid":{"rendered":"https:\/\/blog.propertypartner.co\/?p=74"},"modified":"2019-02-20T15:22:22","modified_gmt":"2019-02-20T15:22:22","slug":"property-partner-announces-1-25m-seed-funding-led-by-octopus-investments","status":"publish","type":"post","link":"https:\/\/www.londonhouseexchange.com\/blog\/property-partner-announces-1-25m-seed-funding-led-by-octopus-investments\/","title":{"rendered":"Property Partner \u00a31.25m seed funding"},"content":{"rendered":"

London, UK \u2013 8th September 2014:<\/strong> Property Partner, a financial technology startup targeting residential property investment, today announces completion of a \u00a31.25m seed funding round led by Octopus Investments and invites prospective users to register for early access via its website ahead of its upcoming launch.<\/p>\n

Property Partner, which is authorised and regulated by the Financial Conduct Authority, is bringing accessibility, simplicity and flexibility to residential property investment. The online platform uniquely combines property crowdfunding<\/a> with the opportunity for investors to subsequently trade their holdings. Daniel Gandesha, Chartered Accountant and former Head of Commercial Development and Startup Investments at BSkyB, founded the business following frustration with property investing being an all or nothing endeavour.<\/p>\n

\u201cResidential property investment has many hurdles which put people off, including the significant up front cash requirement, exposure to unexpected costs, administrative burden and legal obligations. Property funds don\u2019t solve the problem either, as you lose control and visibility over which properties you\u2019re actually investing in,\u201d comments Daniel Gandesha, CEO at Property Partner. \u201cWe\u2019re passionate about addressing these issues, which I\u2019ve experienced first hand, so anyone can easily, affordably and enjoyably participate. We\u2019re delighted that we have the backing and support of such an experienced group of investors\u201d.<\/p>\n

Led by Octopus Ventures, the investment round also includes participation from Europe\u2019s top acceleration fund Seedcamp; Betfair co-founder and Funding Circle Board member Ed Wray; Better Capital founder and venture capitalist, Jon Moulton; Daniel Quai, Crescendo Real Estate co-founder; and BSkyB CFO and Just Eat Board member Andrew Griffith. The financing follows a previously unannounced \u00a30.15m raise in February 2014, in which Ed Wray, Daniel Quai and Andrew Griffith also took part, taking total funds raised to \u00a31.40m.<\/p>\n

Jo Oliver, a member of the Ventures team at Octopus, whose previous successes include Zoopla Property Group, will join Property Partner\u2019s board as part of the transaction. Jo commented, \u201cOctopus looks to invest in people with the potential to build big businesses that can transform an industry. We\u2019ve been extremely impressed by Daniel as well as the progress that he and his team have made in a relatively short period of time. We\u2019re also very excited by his unique take on property crowdfunding<\/a> and long-term vision for the business.\u201d<\/p>\n

CTO Thomas Remmert has led the development of Property Partner\u2019s technology platform, having previously served as Principal Architect at Vodafone, Technical Due Diligence Advisor to Octopus Ventures, and Lead Architect in charge of building the online financial trading portal for Comdirect bank.<\/p>\n

Daniel Quai, who has overseen the acquisition and management of more than 1,700 properties valued at more than \u20ac8.0 billion across the United Kingdom and Europe, was one of Property Partner\u2019s earliest investors and remains a close advisor to the company. Daniel commented \u201cProperty Partner allows you to buy property at the click of a button. Combined with the expertise of deeply experienced property professionals and city heavyweights, that\u2019s hugely exciting\u201d.<\/p>\n

Residential property is the UK\u2019s largest asset class \u2013 worth in excess of \u00a35 trillion \u2013 with transactions exceeding \u00a320bn each year. Crowdfunding for real estate has attracted major players in the USA, although mainly with a focus on commercial property and never before with a platform that allows investors to subsequently trade their interests.<\/p>\n

About Property Partner:<\/strong><\/p>\n

Property Partner (www.propertypartner.co) is a technology-led business that uniquely combines residential property crowdfunding<\/a> with a secondary exchange upon which investors can trade their holdings. It will bring accessibility, simplicity and flexibility to a market that has traditionally had high barriers to entry.<\/p>\n

The company will allow anyone to invest in an individual property of their choice, with as little or as much cash as they wish, so they can own a share, receive rental income and access capital growth. The letting and management of the properties is carried out on behalf of investors. There are no hidden fees or unexpected costs.<\/p>\n

Property Partner is the trading name of London House Exchange Limited, a company which is authorised and regulated by the Financial Conduct Authority.
\n
\nAbout Octopus Investments:<\/strong><\/p>\n

Octopus is a venture capital investor who backs talented people with the potential to build big businesses. Their focus is on identifying entrepreneurs and fast growth companies that can scale explosively to create, transform or dominate an industry. The Ventures team has a proven track record of helping build exceptional global businesses, including Zoopla Property Group, Secret Escapes, SwiftKey, graze.com and YPlan.
\nThe Ventures team is part of Octopus Investments, one of the UK\u2019s fastest growing investment management companies specialising in smaller company investing, with more than \u00a33.5 billion of assets under management.
\nhttp:\/\/www.octopusinvestments.com\/<\/a><\/p>\n

 
\n\n\n