London-based proptech startup SearchLand has picked up its first investment in a £200,000 seed funding round. The company also announced plans to raise a Series A in 2023.
Founded in 2020 by Hugh Gibbs, Arthur Goodhart, and Archie Kennedy-Dyson, SearchLand is an off-market site sourcing tool. It lets property developers, investors and architects find potential sites and contact landowners directly via the platform.
SearchLand said it will use the funds to hire new sales and marketing staff and build its automation tools to enhance its platform.
In a previous interview with UKTN, SearchLand said it built the platform over a ten-month period during the pandemic before going live in early 2021.
The UK company claims it experienced nearly 30 per cent consistent month-on-month growth during the past 12 months.
Its software-as-a-service (SaaS) platform automates and accelerates searches for plots of land by letting users trawl through potential sites via different data points. They include ownership, title boundaries, price paid records, permitted development rights and planning application analysis.
With several map layers, users can find sites to meet their criteria before contacting landowners.
Hugh Gibbs, co-founder of SearchLand, said: “By putting data in the hands of developers and investors, we enable them to make faster, better-informed decisions. And we’re moving closer to creating the world’s first fully automated site sourcing tool. The strong growth we’ve experienced in our first year, as well as the feedback we’ve received, has underlined that our platform is hugely valuable and much needed.”
He added: “We’re delighted to have secured this seed funding. Having bootstrapped throughout the initial development and launch phases, the investment is going to bolster our efforts to grow the team, improve the product, and expand our userbase significantly. It’s an exciting time for SearchLand, and we’re heading into 2022 full of confidence that we can continue to be a disruptive force in site sourcing and property development.”