Irish property-selling tech firm raises €2.1m in funding
Robert Hoban, chief executive Offr, co-founded the company in 2019. He said his vision for the company is to make “buying or renting property as easy as booking a flight”.
Irish property selling technology company Offr has raised €2.1m in funding from its latest investment round which the company said will enable it to grow into markets outside of Ireland.
Offr’s technology simplifies property transactions by allowing individuals to transparently submit offers to buy or rent properties from any location, using their mobile devices.
The platform has its own independent register of offers, complete with proof of funds, photo ID, and anti-money-laundering checks.
The company had initially set a target to raise €1.5m in funding during this latest round. So far, €6m has been raised by the company, which includes all its previous investment rounds.
Offr said the purpose of the funding is to grow its presence in Ireland and to further expand into key markets including the UK, South Africa, and the United States.
It said it has already received significant interest from real estate companies across multiple US states, spanning from California to Alabama and Florida.
One of Offr’s newest investors is Second Century Ventures, the venture capital arm of the National Association of Realtors (NAR), headquartered in Chicago, USA.
Robert Hoban, chief executive of Offr, said his vision for the company is to make “buying or renting property as easy as booking a flight”.
The company was founded in 2019 and is now being used by 100 real estate companies across Ireland, the UK, and South Africa.
Offr has said there have been approximately 50,000 offers made on the platform facilitating 2,500 property transactions with a combined value of €20 billion.
