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Proptech Coadjute Secures £6M To Put House Buying On The Blockchain

Dec 01, 2021•almost 4 years ago

Amount Raised

£6 Million

London

Description

Coadjute, a London-based proptech company that digitally connects the UK property market, has raised £6m in a pre-Series A funding round, bringing its total funding to date to £10m.

Company Information

Company

Proptech Coadjute

Location

London, Ontario, Canada

About

The company is also planning to expand its sales and marketing activities and operational team and bring mortgage brokers and lenders onto the network. The startup claims this can reduce costs and increase the speed of property deals. Adding yet more platforms, more hubs, more databases just don’t solve that.”The company made its first live transaction earlier this year for a 4-bedroom bungalow in Kent, which went live on the network in July 2021 and was completed in 9 weeks. In September, the company announced its intention to work with banks to move funds across the network using “mortgage stablecoins.”