Norwich-based Homemove, specializing in home-moving services, has recently secured $1.5 million (approximately €1.3 million) in funding from angel investors and family offices. This investment will be utilized to expand its network, accelerate its marketplace technology, and enhance the customer home-moving experience with the aid of AI.
The capital injection comes at a time when Homemove has experienced significant growth in revenue and market share, providing top-rated services over the past year. This funding round was notably oversubscribed, reflecting strong investor confidence and the absence of a lead venture capital investor, which is unusual for seed-stage funding.
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Leadership and Strategic Shifts
With this new investment, Homemove is seeing shifts in its leadership to better align with its technological aspirations. Louis O’Connell Bristow, originally one of the founders, will now take a more active role as CTO, focusing on advancing the company’s technological infrastructure. Meanwhile, James Freestone has transitioned to the CEO position, steering the company towards further growth.
Technological Enhancements
Louis O’Connell Bristow commented on the future direction, “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 optimize our operational efficiencies but also elevate the user experience by providing quicker, more accurate service options tailored to their needs.”
Comprehensive Digital Platform
Founded in 2022 by James Freestone and Louis O’Connell Bristow after experiencing the challenges of moving homes themselves, Homemove aims to simplify the moving process for everyone involved. The platform integrates services such as estate agent valuations, mortgage comparisons, homebuyer surveys, conveyancing services, and removal bookings into a single, streamlined AI-driven digital experience.
Expanding Market Presence
James Freestone, CEO of Homemove, stated, “Securing this investment is a crucial step towards transforming Homemove into a recognizable household brand in the proptech sector. Our strategy is centered on expanding our market presence and employing a first-principle approach to innovate and enhance each vertical within the moving value chain.”
With the fresh capital, Homemove is set to transform the home-moving experience by leveraging innovative AI solutions, thereby redefining the standards of service in the home-moving industry and delivering exceptional value to customers and stakeholders.
