INSUBCONTINENT EXCLUSIVE:
Leading the equity round is Northzone, and Balderton Capital, while the debt finance comes from an unnamed institutional investor.It is
venture capital firm typically invests earlier at Series A
Balderton is also a backer of GoCardless, the payments company previously co-founded by Nested founder Matt Robinson
That said, Balderton General Partner Tim Bunting did invest in Nested in a personal capacity very early on.Launched in late 2016, Nested
competes with high-end estate agents by providing all of the services needed to sell your house, but with a key difference
In addition to handling valuation, marketing and sales, the startup will loan you up to 95 per cent of the market value of your property as
Before Brexit and the uncertainty it has caused with regards to London house prices, that figure was up to 97 percent of the market value of
the property, and I understand Nested hopes to return to that percentage once things settle down.More broadly, the idea behind Nested is to
eliminate much of the stress and uncertainty of selling and buying a home, including what your final budget will be, and also ensure that
By becoming a cash buyer, it also puts you in the strongest possible position to negotiate on your onward purchase
Robinson says this typically sees savings of 2-4 percent.In return, Nested charges a fee from 2-4 per cent (plus VAT) depending on how soon
you want to receive the advance, and takes a loss if it fails to sell the property for an amount above its initial advance
tells me historical valuation accuracy is on average within 1.5 percent of what the company predicted
helped over 400 home-owners, and, aside from increasing volume, including helping property owners outside of London, the company says it
plans to further expand its product offering
our vision for fixing the age-old problem of buying and selling homes
We are building an incredible team to offer an unassailable service with the most progressive technology in the property industry
