For home buyers and sellers who are currently mired in fragmented transactions, Homemove is a platform which brings everything together in a single place whilst leveraging innovative AI solutions at every part of the moving experience.

Over the last 12 months, Homemove has rapidly grown its revenues and market share by offering customers a top-rated service. This success has attracted substantial interest amongst new and existing investors. As a result, the recent funding round diverged from typical seed stage raises: it was oversubscribed, drawing direct investments from angel investors and family offices without a lead Venture Capital investor.

The platform is redefining the home moving process by integrating services such as estate agent valuations, mortgage comparisons, homebuyer surveys, conveyancing services, and removal bookings into a single, streamlined AI-driven digital experience which connects home buyers and sellers with the platform's hand selected partners. 

The company currently collaborates with thousands of local, high quality independent partners, boosting their businesses by booking them directly with consumers through the scalable Homemove platform.

As part of the company's growth strategy, Louis O'Connell Bristow, CTO of Homemove will take a more active role leading the tech side of the business moving into the CTO position while James Freestone, CEO of Homemove, will move to CEO effective 1st of May 2024 .

O’Connell Bristow comments: "With this new funding, we are poised to enhance our technological infrastructure, focusing on advanced AI capabilities to streamline the moving process. Our goal is to fully automate the evaluation and booking procedures through our platform, reducing the time and complexity involved for both users and partners. This technical upgrade will not only optimise our operational efficiencies but also elevate the user experience by providing quicker, more accurate service options tailored to their needs."

Freestone, said: "Securing this investment is a crucial step towards transforming Homemove into a recognisable household brand in the proptech sector. Our strategy is centred on expanding our market presence and employing a first-principle approach to innovate and enhance each vertical within the moving value chain. We are rewriting the entire experience and are committed to building solutions to this fundamental problem. This involves not only enhancing our technological offerings but also forging strategic partnerships that will broaden our reach and impact. By focusing on these aspects, we aim to redefine the standards of service in the home moving industry and deliver exceptional value to our customers and stakeholders."

The investment will be used to expand Homemove's reach and network, accelerate its marketplace technology, bring in innovative product developments and enhance customer home moving journeys and experiences through artificial intelligence.