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.

This profile reflects the company at time of publication and does not reflect any changes that may have subsequently occurred. Fast Track and its sponsors do not endorse, guarantee or recommend investment in any of the companies.

Company details
Year2018
CompanyNested
ActivityOnline estate agent
LocationCentral London
Founded2016
Websitewww.nested.com

If applicable:

* supplied by company † annualised figure