Newbie online property entrepreneur Riccardo Iannucci-Dawson claims his innovative new build property portal is worth £2m just four weeks after opening.
Founder Iannucci-Dawson’s company, Yourkeys, describes itself as ‘the new way to buy new builds’. The portal enables buyers of new build properties to stay connected to others involved in the purchase including developers, solicitors and contractors.
Yourkeys employs 17 and its team includes a number of board members and advisors with extensive property and digital experience.
Former architect Iannucci-Dawson, comments: “Property buyers now expect to use technology to make and track their purchase in the same way as they would use Amazon to buy goods or Uber to order a taxi. Being informed at every step and closely engaged in the journey.”
He adds: “We already have some of the largest developers in the country on board and some very high profile investors backing us and we can’t wait to watch the revolution unfold.”
It wouldn’t be the first time a new property portal has claimed a stellar valuation – Zoopla claimed a £1bn valuation upon its market listing in 2014 – although Iannucci-Dawson doesn’t present any figures to support it. Innovative although the concept undoubtedly is recent experience with digital property platforms might make any potential investors harder to convince nowadays.
In this Prime article we consider How Reliable Are The Proptech Valuations Running Into Millions?
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