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
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.