Proptech platform OneDome finds home for $25m funding injection

A fiscal and spot exertion concern which integrates elements of the homebuying process has clinched a $25m backing injection arsenic it seeks to accelerate its expansion.

Sky News understands that OneDome volition corroborate connected Wednesday the pre-Series C fundraising, taking the full sum it has raised to $40m.

The latest circular includes a media-for-equity woody with Channel 4, the state-owned broadcaster, worthy up to £7.5m, which was reported by Sky News precocious past year.

OneDome's HomeBuyer work provides owe advice, conveyancing and transaction absorption successful a azygous fixed-price bundle sold for £999.

Last year, the institution acquired Trussle, the online owe broker, which had raised funds from investors including Goldman Sachs.

OneDome - chaired by the seasoned erstwhile City lawyer Sir Nigel Knowles - has acceptable a five-year people of being progressive successful 10% of each UK homebuying transactions.

The company, which says it is already profitable, wants to triple revenues by the extremity of 2026.

The level arranges astir $1.4bn of owe lending each period and works with a web of implicit 500 owe brokers, making it 1 of the largest owe and spot platforms successful Britain.

"Buying a location is inactive 1 of the astir stressful and disjointed fiscal transactions radical spell through," Babek Ismayil, OneDome's laminitis and main executive, said.

"We started OneDome to hole that by bringing everything nether 1 extortion and turning homebuying into a simple, transparent retail experience.

"This backing allows america to standard what is already a profitable and fast-growing platform, portion continuing to situation however homes are bought and financed successful the UK."

OneDome declined to sanction the different investors successful the latest round, saying they were household offices crossed the UK, Saudi Arabia, the United States, and Australia.