Amro aims to invest in and support segment-defining proptech and fintech start-ups that positively impact the built environment sector
Key themes include end-user experience, financial inclusion, climate and ESG metrics
investment in Coadjute helps resolve inefficiencies in residential property transactions
Coadjute digitally connects buyers, sellers and professional parties on a single network
· Pre-Series A round investment will support gear up to go live in summer 2021
Amro Partners, the established Build to Rent and PBSA investor and operator, has launched a Venture Capital arm investing in transformational Proptech and Fintech start-ups that solve pain points and drive new, customer-centric business models.
Amro’s first investment in the residential property transaction platform Coadjute, part of a multi-million-pound funding round, will help reduce inefficiencies in residential property transactions by digitally connecting buyers, sellers, estate agents, conveyancers, surveyors, mortgage brokers and lenders. Using blockchain technology, Coadjute allows all parties in involved in a property transaction to securely share information and documents through their existing software, cutting costs, reducing the risk of fall-throughs and speeding up the process of buying and selling homes.
Ami Kotecha, Head of Venture Investments at Amro Partners and Director on the Board of the UK Proptech Association, said: “Customer and end-user experience is a key theme of our venture investment strategy, and our investment in Coadjute encapsulates that commitment. There are around one million transactions in the UK housing market every year, with a home being the single largest asset for many people. A vast majority of those transactions are conducted using semi-automated, duplicative processes that make buying or selling property expensive and fraught with friction and risk.
“In addition to our capital investment, we look forward to supporting Coadjute with residential sector insights and industry-wide connections.”