We are delighted to announce that we have invested alongside the founders in iamproperty, the proptech business.
iamproperty, a known leader in property technology, pioneers of the Modern Method of Auction, and the UK’s first end-to-end onboarding and conveyancing platform, is already working with over 6,000 UK estate agency branches to help them accelerate their success. The company is due to record its biggest year of growth to date.
We will support the business as it delivers on its vision to provide an ecosystem of innovative solutions for estate agents across the UK. Co-Founders Ben Ridgway and Jamie Cooke, alongside the management team, will retain majority share and continue to drive the business forward.
Ben Ridgway, Co-Founder at iamproperty, said: “2023 has been a fantastic year for the business and we are incredibly proud of our team. This includes our successful growth partnership with LDC since 2019 and we thank them for supporting the business through what has been a very exciting period of organic growth and acquisitions in the last four years.
“With Perwyn now at our side, we are entering 2024 with even bigger, ambitious plans to lead the way in our sector. There is a great synergy between our teams, and we are excited to realise our vision with their support, investment and expertise.”
Gurinder Sunner, Partner at Perwyn said: “We have been hugely impressed by the iamproperty team’s transformative approach to auctions. Their differentiated strategy for market engagement has enabled them to forge a market leading business in a growing sector. Perwyn is delighted to invest in the company, endorsing its vision for an interconnected ecosystem and excited to partner with the team to facilitate the next phase of expansion as the business continues to scale.”
Gareth Marshall, Partner and Head of the North East & Scotland at LDC, added: “Ben and Jamie are an entrepreneurial force to be reckoned with. Over the last four years, they have shown exactly what can be achieved when you invest in talent and technology. The growth of the business is something the entire team should be proud of, and it has been brilliant to support them along the way. I have a feeling this is still only the beginning for iamproperty and I wish them every success for the future.”
Debt was provided by Barclays and Natwest.
Perwyn were advised by Clearwater International (Debt), Investec (Corporate Finance), LEK (CDD), Gowlings (Legal), Deloitte (Tax), BDO (FDD), GK (Regulatory), Partners& (Insurance) and Crosslake (Tech).