Northzone, Balderton inject £20m into Nested

The funding round coincides with a £100m debt fundraising by the company.

Nested is currently pursuing a nationwide roll-out of its services, having initially focused on the London market. The business is also investing in the development of new services.

Previous funding
Passion Capital led an £8m funding round for Nested alongside Global Founders and other angel investors in March 2017. Rocket Internet's Global Founders Capital then led a £36m round for the company seven months later.

Company
Nested is headquartered in London and was founded in January 2016 by GoCardless co-founder Matt Robinson, former Songkick chief technology officer Phil Cowans and architect James Turford.

The company provides home sellers with a valuation of their property and then guarantees payment of 95-97% of that valuation within 90 days, enabling the vendor to make a chain-free offer on another property. It carries out the marketing of users' homes on platforms such as Zoopla, Rightmove and PrimeLocation, and manages the sales process. The remainder of the sale price is paid to vendors once a property has been sold, with administration and estate agent fees deducted.

People
Global Founders Capital – Oliver Samwer (co-founder).
Nested – Matt Robinson (CEO).

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• Topics
• Expansion
• UK / Ireland
• Consumer
• United Kingdom
• Balderton Capital
• Northzone
• Venture