Surveying portal HouzeCheck has received significant investment from London-based private equity funders Beach Equity Investments LLP, to further develop its digital-first offering.
Launched in 2018, Houzecheck’s platform uses cloud, digital, and AI technologies to provide RICS Level 2 Homebuyer Surveys, RICS Level 3 Building Surveys, and property valuations through a network of c.150 fully accredited RICS-registered surveyors.
The exact size of the transaction remains confidential, but Beach Equity say they typically invest £2–10m in small and medium-sized enterprises (SMEs) that utilise technology to streamline processes and reduce costs. Beach Equity focuses on companies based in the United Kingdom with revenues between £1m–£30m.
Tom Billings, a managing partner at Beach Equity, has joined the HouzeCheck board as part of the investment. Billings has a strong background in strategy and operations, having previously served as a private equity-backed managing director and founding partner of BrightStar Capital. He will offer strategic guidance and support for capital raising.
“We invest in businesses that use technology to transform industries by improving the customer proposition. HouzeCheck fits this criteria well. We believe in the concept of a digital-first surveying portal and look forward to supporting the team and its growth.”
said Billings.
Richard Sexton, commercial director of HouzeCheck, said
“The investment will help us further develop our technology, ensuring surveyors report accurately and consistently. Our conveyancer, mortgage broker, and estate agent introducers should notice no difference in service day-to-day, and we will continue to deliver a turnaround time of between 2.5 and 3 days for our customers.”
Founder and CEO of HouzeCheck Amit Bansal, added
“HouzeCheck aims to improve the value proposition for surveyors, homebuyers, estate agents, and conveyancers. Beach Equity shares our vision and will help us scale faster, reach a wider market, and accelerate innovation in technology and AI.”
In March, HouzeCheck reported completing surveys on properties with a combined value of more than £12 billion across England and Wales.
