Digital property platform Offr launches with the help of Barclays

21 August 2020 | General

Offr, the proptech platform digitising the buying, selling and leasing process for real estate agents and buyers, has launched in the UK & Australia.

The company has raised £2.7M (€3M) in seed funding led by Barclays. Also participating in the round were Delta Partners on behalf of Bank of Ireland, AIB, Enterprise Ireland, The European Investment Fund and Frontline Ventures.

Offr has raised £3.6m (€4M) to date.

Robert Hoban, co-founder and chief executive of Offr, said: “COVID has changed the landscape completely, it closed off real-estate; we’re bringing it online.

“I expected we’d be where we are today in five years’ time. We built Offr with a clear and simple goal, to change the way property is bought and sold; to make it faster, more transparent and more enjoyable for real estate agents, buyers and everyone else involved in the process.

“The fact is, the stress, uncertainty and longevity of buying and selling property are just products of an outdated, yet somehow accepted system. We made it our goal to address these problems.

“We developed one platform for everyone. An end-to-end, open solution which supports real estate agents, buyers, sellers and solicitors and the pandemic has accelerated adoption by all. We are delighted with the support from Barclays, as we look to grow our business globally.”

On March 24th during the COVID-19 lockdown, Offr completed what was declared the world’s first fully remote, end-to-end, digital property transaction. The property was sold entirely online for 61% over the asking price.

This post has originally been featured in Property Wire.