7 years ago

Nested Raises £120 Million to Expand its Online Estate Agency

  • Nested, a London-based online estate agency, has raised £120 million in funding

  • The new round is a mixture of equity and debt: £20 million and £100 million, respectively

  • Leading the equity round is Northzone, and Balderton Capital, while the debt finance comes from an unnamed institutional investor

  • Nested provides a cash advance to help home sellers buy a new home before they sell their old one, eliminating much of the stress and uncertainty of selling and buying a home

  • The company says it plans to further expand its product offering, including using its data and tech to help with the buying process as well.

      • ProblemReal Estate

      "Buying and selling a home in the UK is a stressful and complex process, often involving long chains, uncertainty around final budgets, and the risk of missing out on your dream home."

      Solution

      "Nested is a data-driven online estate agency that provides a cash advance to help sellers buy their new home before selling their existing one. This eliminates the chain and allows sellers to purchase their new home with certainty, putting them in a stronger position to negotiate."

      Covered on