Muve, a conveyancing firm offering their clients exchange within 25 working days, has just completed an equity funding round worth £1.1 million.
Muve is intending to use the money to increase its automation offerings, improve its use of technology and monetise more data services.
David Jabbari, CEO of Muve commented:
“We are delighted to achieve this investment in the current market conditions. It is testament to Muve’s capabilities and very strong market fundamentals.
“Our investment partners are highly experienced investors who will contribute enormous insight in a period of rapid growth of the firm.”
Tim de Vere Green of Origin Capital commented:
“Origin is very pleased to have led this investment round in Muve. We believe the company has developed an extremely sophisticated, efficient and effective conveyancing process and has great opportunities to significantly grow its UK market share over the coming years.
“We are greatly looking forward to joining with Muve’s founders on this exciting growth journey.”
William Berry of MI Investment Holding Ltd, said:
“We are delighted to partner with Muve. We are looking forward to accompanying the company as it seizes the significant opportunity to build and consolidate its share of the conveyancing market.”
Paul Fauset of the Angel Co-Fund commented:
“The Muve team has already made impressive inroads into the conveyancing market using their proprietary process automation technology. It is especially encouraging at this time to see Muve, raise the funds that can allow them to further develop the technology and business model so they are able to thrive when markets normalise.”
