7 years ago
Home Made Secures £2 Million to Expand Premium Online Letting Agency
Home Made, a London-based premium online lettings agency, has raised £2 million in Series A funding led by VentureFriends
The company aims to disrupt the traditional letting agent model by offering a high-end service at a low online fee
Home Made plans to use the funding to expand its offering, develop its technology, grow its customer base in London and beyond, and hire new staff
The company recently launched Sentinel, a tool that detects illegal subletting by tenants via short-let websites such as Airbnb, aiming to address a growing issue in London.
ProblemFinancial Services
"The problem Home Made is trying to solve is a broken letting agent model, where high-street agents offer average service and charge extortionate fees, while online agents typically charge low fees but offer a worse service as a result."
Solution
"Home Made offers a premium online lettings agency service that provides a high-end experience, including accompanied property viewings and working until 10 pm at night, on weekends and bank holidays, for a low online fee starting at £948 +VAT."