Zoopla has invested £1m and partnered up with four property technology startups including peer-to-peer lender Landbay and online mortgage adviser Trussle.
Landbay has previously raised £3m in private equity investment from both institutional and retail investors while last week Trussle announced that it raised £1.1m of funding from venture capitalists Robin and Saul Klein, Betfair co-founder Ed Wray, ex-Google UK MD Dan Cobley and Ian Hogarth, co-founder and chairman of concert discovery service Songkick.
Zoopla’s other investments were in Property Detective which provides property and neighbourhood research reports and FixFlo, an online repair reporting platform.
Alex Chesterman, founder & chief executive of Zoopla Property Group, said: “We are delighted to announce our investments and partnerships with these exciting companies that will help us to further differentiate our offering for both our users and partners.
“These deals confirm our ongoing commitment to leading innovation and nurturing UK technology entrepreneurs and together with our ongoing internal product developments will continue to see us leading the way across the property space.”
Landbay completes more than £5m of peer-to-peer mortgages per month.
John Goodall, its chief executive, said: “Zoopla Property Group’s investment kickstarts a long term relationship to develop our shared goal: to support consumer investment in homes. Residential property is historically the UK’s best loved asset class and we are looking forward to leveraging our partnership with Zoopla to democratise investment in the sector.
“Since our inception we have removed the bureaucracy in mortgage lending, passing on a better return and experience for investors and borrowers alike. As the original pioneers in proptech, ZPG is the perfect partner to collaborate with us as we help consumers to prosper from the property market.”