Yopa Gets £16m Funding And New Chairman

Online estate agent Yopa has announced that it has just completed a £16m funding round. The money has been raised via its existing investors dmg ventures, Grosvenor Hill Ventures and the company’s founders.

Yopa has also announced the appointment of Grenville Turner as Chairman. Turner has extensive experience in retail banking, the UK property sector and start-ups previously having been CEO of Countrywide and having had directorships in Rightmove, US realtor Realogy and Sainsbury’s Bank. 

Ben Poynter CEO at Yopa comments: “The new funding will be used to accelerate Yopa’s growth through continued investment in customer service, proprietary technology and to increase the company’s local market share through its network of agents.”

On Turner’s appointment he says: “Grenville is excited to join our energetic and growing business and relishes the opportunity to support Yopa’s development. He’s looking forward to working with the management team, drawing on both his traditional estate agency background and hands on experience in transitioning tech start-ups into their ascendancy.”

Many will agree that online agency is not only a highly competitive business but is also undergoing something of a shakedown right now from which only the most dynamic online agents are likely to benefit. Yopa will certainly need every penny of this new investment, and all the experience it can muster, if it is to be one of them.

Source Yopa Property Ltd
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