Offr, a Dublin-based proptech platform digitising the real estate buying, selling and leasing process, has raised €3 million in seed funding led by Barclays. Existing investors Delta Partners on behalf of Bank of Ireland, AIB, Enterprise Ireland, the European Investment Fund and Frontline Ventures also participated in the round.
Earlier this year, the Irish startup participated in the Barclays London Accelerator, powered by Techstars, and was selected as one of a few candidates for follow-on investment from this year’s cohort of companies.
The end-to-end platform serves both parties in a property deal. Buyers can book a viewing online, upload proof of funds and ID, make an offer, pay a deposit, connect to their solicitor and sign contracts. Real estate agents can track the progress of a sale or lease in real-time, with instant alerts an offer is received, if there is an upcoming viewing or if legal documents have been updated.
With the new capital, Offr plans to expand its platform to the UK and Australia after launching in Ireland just ten months ago. Co-founder and CEO Robert Hoban cites the pandemic as a contributor to such rapid growth: “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.”
The Irish startup also plans to develop the tech infrastructure around transactions, building out the platform to handle cross-border sales and auctions for both residential and commercial properties.