PropTech platform Offr raises €3m

Offr has raised €3 million in seed funding led by Barclays, with existing investors Delta Partners on behalf of Bank of Ireland, AIB, Enterprise Ireland, the European Investment Fund and Frontline Ventures also participating.

The Dublin-based PropTech platform participated in the Barclays London Accelerator, powered by Techstars, earlier this year and was selected for follow-on investment by the bank.

The end-to-end platform serves both parties in a property deal - buyers can book viewings online, upload proof of funds and ID, make an offer, pay a deposit, connect to their solicitor and sign contracts - while estate agents can track the progress of a sale or lease in real-time, with instant alerts if an offer is received, there is an upcoming viewing or if legal documents have been updated.

With the new capital, Offr will expand its platform to the UK and Australia, after launching in Ireland just 10 months ago.

Co-founder and chief executive Robert Hoban 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.”

The Irish startup also plans to develop the infrastructure around transactions, building the platform to be able to handle cross-border sales and auctions for both residential and commercial properties.

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