A proptech startup launched by former Conveyancing Association chairman Eddie Goldsmith has secured a second round of investment.
YouConvey, which aims to make the home moving process quicker and less stressful, has secured new funding from Nova Growth Capital, taking the total amount of financial backing to more than £300,000 since it was founded in 2021.
The platform says it is “allowing home movers to take control of the lengthy conveyancing process, resulting in a quicker and more transparent transaction” by automating administrative tasks or handing them to non-conveyancer home mover advisors, rather than being handled by conveyancers directly.
The funding will help YouConvey expand its team by hiring additional employees in its sales and marketing departments, continue with its dedicated marketing plan to meet its monthly targets, and develop the service for a better customer experience, with the overall goal to significantly increase its number of users.
Goldsmith said: ”I have worked in the conveyancing sector throughout my career and understand what a stressful experience moving home is.
“By providing our customers with upfront information and with the help of our home mover advisors, we are looking to improve the customer experience, reduce the timescales of a typical transaction and work better with all the stakeholders involved.
“We’re delighted to have received this next round of investment from Nova Growth Capital, without them we wouldn’t have been able to develop YouConvey from concept to launch as effectively as we have done.
“We’ve already had extremely positive feedback from customers reaffirming that our service is a much needed one, and I’m excited to see YouConvey grow and go from strength to strength with the support from Nova.”
Olivia Greenberg, chief growth officer at Nova, added, “We’ve been really pleased with the progress that Eddie and our team have made since our initial investment. The market has really responded to YouConvey and this round will allow us to take advantage of all of the great learnings we’ve made from our early users.
“We’ve had fantastic feedback, and have got really exciting plans to further develop the product and streamline the conveyancing and home buying process.”