Estate agent comparison website raises £2.2m
A leading estate agency comparison website has closed a £2.2m ‘super-seed’ round.
GetAgent received the funding from a consortium of investors led by Marchmont Ventures, backers of Motorway.co.uk and joins the Channel 4 Commercial Growth Fund, the investment arm of Channel 4 Television which invested in 2018.
Founded in 2015 by Colby Short and Peter Thum-Bonanno, to date the company received over 100,000 enquiries for agents from property sellers to a total property value of £30bn.
“Some ten years since the appearance of the first cheap, online estate agents, the market share of traditional agents is a resolute 95 per cent despite hundreds of millions of pounds spent on TV and Google ads,” said Short.
“Whilst we remain ‘agent agnostic’, it is clear that the house selling public hugely favour the local, branch-based business that they know and trust and that is nearby enough to be accountable.
“Our approach is to shine a light on all agents regardless and to ensure that we assist in helping the consumer make an informed decision when choosing someone to oversee the sale of their most valuable asset. Especially in less buoyant times for the housing market. Plainly, it’s not just about who’s ‘cheap’.”
Alan Martin, MD of Marchmont Ventures added: “We’ve been impressed by the huge progress made by Colby, Pete and their team in a short space of time.”
“We are confident that GetAgent will grow rapidly as the public continue to recognise the benefit of the trust and transparency that they provide across the estate agency market”.