Homemove Raises £3.8m to Enhance PropTech Platform
Deal News | Apr 15, 2025 | Business Cloud
Homemove, a PropTech company based in Norwich, has successfully raised £3.8 million in its latest funding round, led by Fuel Ventures and supported by co-investors such as the Blandford Family Office and Oxford Innovation. Since its inception, Homemove has achieved a remarkable zero to $4 million annual recurring revenue within just three years. The company plans to use the newly acquired funds to refine its technology, enhance national brand recognition, and accelerate the rollout of its home-moving products, which aim to streamline the moving process by providing easy management and real-time updates. James Freestone, co-founder and CEO, expressed excitement over the investment and stated that the goal is to make moving homes a more seamless and joyful experience. Fuel Ventures managing partner Mark Pearson praised Homemove's ability to address real-world inefficiencies with robust technology solutions and reiterated the firm's commitment to backing the evolving PropTech space.
Sectors
- PropTech
- Venture Capital
Geography
- United Kingdom – Homemove is based in Norwich, UK, and the funding involves UK-based investors, indicating the geographical relevance of the UK to the article.
Industry
- PropTech – The article focuses on a technology-driven real estate company, Homemove, which is a significant player in the PropTech space, offering innovative solutions for the home-moving process.
- Venture Capital – The article discusses a funding round led by Fuel Ventures, highlighting the involvement of venture capital in scaling and expanding innovative tech companies.
Financials
- £3.8 million – The total amount raised in the funding round led by Fuel Ventures.
- $4 million – The current annual recurring revenue of Homemove, achieved within three years of its creation.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Homemove | Target Company | Company | A PropTech company offering a platform to manage home moving processes, based in Norwich. |
| Fuel Ventures | Lead Investor | Company | A venture capital firm leading the funding round for Homemove. |
| Blandford Family Office | Co-Investor | Company | A family office participating as a co-investor in Homemove's funding round. |
| Oxford Innovation | Co-Investor | Company | An innovation-focused organization involved as a co-investor in Homemove's funding round. |
| James Freestone | Co-Founder and CEO | Person | CEO and co-founder of Homemove, expressed optimism about the new investment. |
| Mark Pearson | Managing Partner | Person | Managing partner of Fuel Ventures, led the funding round for Homemove. |