New Liverpool based prop tech start-up, YouConvey, which aims to make the home-moving process quicker and less stressful, has secured its second round of investment from Nova Growth Capital, taking the total amount of funding to over £300,000 since it was founded in 2021.
YouConvey is a first of its kind collaborative conveyancing service, set to revolutionise the home moving process by allowing customers to complete admin tasks often assigned to busy conveyancers, with the potential for home movers to reduce the time for their particular transaction considerably by up to 8 weeks.
YouConvey customers are given access to all the necessary documentation they need to complete on Day 1 of their transaction, allowing them to take control of their conveyancing and bypass unnecessary delays. They are still able to rely on professional support for all the legal aspects of the transaction from regulated conveyancers, but with the added assistance from specialist YouConvey Home Mover Advisors, who will guide them throughout the process and help them feel more engaged.
With the funding from Nova Growth Capital, YouConvey will expand its team by hiring additional employees in its sales and marketing departments, continue with its dedicated marketing plan to meet its monthly targets, and develop the service for a better customer experience, with the overall goal to significantly increase its number of users.
YouConvey has been founded by experienced conveyancing professional, Eddie Goldsmith, who has worked in the industry for over 40 years and recognised the need to update the conveyancing system to make it suitable for the 21st century customer.
Eddie comments, ”I have worked in the conveyancing sector throughout my career and understand what a stressful experience moving home is. By providing our customers with upfront information and with the help of our Home Mover Advisors, we are looking to improve the customer experience, reduce the timescales of a typical transaction and work better with all the stakeholders involved.
“We’re delighted to have received this next round of investment from Nova Growth Capital, without them we wouldn’t have been able to develop YouConvey from concept to launch as effectively as we have done. We’ve already had extremely positive feedback from customers reaffirming that our service is a much needed one, and I’m excited to see YouConvey grow and go from strength to strength with the support from Nova.”
Olivia Greenberg, Chief Growth Officer at NOVA added, “We’ve been really pleased with the progress that Eddie and our team have made since our initial investment. The market has really responded to YouConvey and this round will allow us to take advantage of all of the great learnings we’ve made from our early users.
We’ve had fantastic feedback, and have got really exciting plans to further develop the product and streamline the conveyancing and home buying process.”