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Wayhome Is Opening Doors As It Raises £8 Million To Help People Get On The Property Ladder

Apr 26, 2023over 2 years ago

Amount Raised

£8 Million

LondonIntellectual PropertyReal Estate

Investors

Cur8 CapitalLove VenturesVolutionAugmentum FintechAllianz X

Description

The UK-based gradual homeownership provider Wayhome has closed a Series A equity funding round of £8 million giving it runway to forge further partnerships with mortgage brokers and lenders in the coming months - an important part of Wayhome’s continuing growth and expansion.

Company Information

Company

Wayhome

Location

London, Ontario, Canada

About

Wayhome offers a completely new way for people to get on the housing ladder without needing to take out a mortgage. Homeowners get capital to buy a home worth up to eight times their income with only a 5% deposit. It also opens up owner-occupied residential property as an asset class for pension funds, who earn inflation-linked rent on the portion the occupier doesn't own. It offers a win, win for both homeowners and the investors.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers