AI start-up Propflo secures £180k from strategic investors
Fintech leader and angel investor Ying Tan leads round into innovative AI start-up
Bristol, April. 29th, 2022. Bristol-based start-up Propflo has announced that it has successfully closed its pre-seed funding round of £180k from strategic investors to grow its property transparency platform.
The platform, which includes an ‘Experian-like’ proprietary property score that homeowners can add context to, as well as sustainability insights and support to prepare sellers and buyers, has generated significant interest amongst property professionals, especially mortgage intermediaries. The main objective of this funding round was to engage strategic investors with relevant experience to accelerate growth.
The round was led by Ying Tan, a successful founder and angel investor. After becoming one of the youngest VPs at Goldman Sachs, Ying created a substantial property portfolio before founding Dynamo in February 2006; he exited in May 2021 having grown the company to become one of the leading and largest mortgage brokers in the UK. Since his exit, he has become the non-executive chairman of Knowledge Bank, a multi-award-winning mortgage criteria search system.
Ying will join the board as a non-executive director to help grow and provide strategic direction, he will also be joined by his trusted colleague Penny Desborough who has been instrumental in many of his previous success stories. Active angel investor Robin Balen who has invested in successful proptech start-ups previously is also part of the round.
Propflo is a property transaction transparency and decision support platform powered by machine learning (a form of artificial intelligence). It was founded by successful proptech entrepreneur Luke Loveridge and geospatial and risk data scientist Dr Daniel Moyo. The business has a strong advisory team including the CEO of Yopa and ex-Purplebricks MD, Verona Frankish, and Dr Mike Tipping – a world-leading AI expert.
Propflo supports homeowners, sellers and buyers with property scores, insights and services with an AI-first product road map.
Check what data people can see on your home, take control, protect its value