Long delays, uncertainty, gazumping and legal issues are just some of the problems associated with buying or selling property in a chain. This online estate agent aims to solve the issue by offering a cash advance to movers of up to 94% of their calculation of the value of a person’s current home, making them “chain-free” and putting them in a stronger negotiating position. It claims its platform, which uses multiple data points to calculate a home’s price, has achieved an accuracy rate of 100% on its valuations this year. Nested was founded in 2016 by Matt Robinson, 30, who was previously one of the co-founders of payments firm GoCardless, and who says they have so far sold property in London worth more than £100m. It has raised a total of £165m, including £120m in November in a mix of equity – from backers including Northzone and Balderton Capital – and debt from an undisclosed institutional investor.
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