Yopa, which says it is the second largest hybrid agency when measured by listings, has received a major new £20m investment.
Savills - an existing investor in the agency - has pumped in further cash, alongside three other companies, also existing investors.
Yopa already employs 140 people and the latest investment will be used to hire more staff, develop technology and expand a new customer service centre in Watford.
Yopa’s high profile backers also include DMG Ventures, the corporate venture arm of Daily Mail and General Trust, which according to the Mail this morning has ‘led’ the new investment package.
Last month LSL Property Services, in a trading statement to shareholders, reported that its net bank debt rose 45 per cent to £46m thanks partly to £20m invested in the online agency Yopa.
In the spring the UK PropTech Association, suggested that Yopa had enjoyed around £55m of investment - at the time that was more than Emoov and Tepilo combined, and before today’s new funding.
Yopa now has had a total of £75m invested in it.
Yopa chief executive Ben Poynter says: “This latest funding round is clear recognition of Yopa's potential to disrupt the traditional home sales industry.”
Manuel Lopo De Carvalho, chief executive of DMG Ventures, adds: “Yopa is a stand-out performer in our portfolio. We are thrilled to support Ben Poynter and his team.”