Muve Beats the Covid Blues to Raise £1.1m
Innovative law firm Muve has announced the successful completion of a £1.1m equity funding round to finance its further aggressive expansion into the £1.75bn UK conveyancing law market.
Muve supports over 250 home movers every month with residential conveyancing. success is built on the three pillars of process automation through technology, 100% ownership of the lowest cost off-shoring facility in the UK conveyancing market, and being the first law firm to guarantee home buyers an exchange of contracts within as little as 25 days or return fees.
Muvesophisticated technology platform to outperform consolidation trends, entering the Top 100 conveyancing firms in less than three years, in a market with more than 5,000 regulated providers.
Muve will use the new funding to:
- create one of the largest estate agency field sales teams in the UK legal market
- further invest in automation (including its muveAI document review platform)
- monetise additional data services related to property transactions.
The three core investors are Origin Capital, the Angel Co-Fund and MI Investment Holding Ltd. The new investors will provide support to the Board which currently consists of the three Muve Founders (David Jabbari, Dan Watkins and Claus Werner) who have senior City law and entrepreneurial backgrounds. Tim de Vere Green, CEO of Origin Capital, and William Berry, Director of MI Investment Holding Ltd will join the Board as Non-Executive Directors.
David Jabbari, CEO of Muve commented:
“We are delighted to achieve this investment in the current market conditions. It is testament to Muve’s capabilities and very strong market fundamentals. Our investment partners are highly experienced investors who will contribute enormous insight in a period of rapid growth of the firm.”
Tim de Vere Green of Origin Capital commented:
Paul Fauset of the Angel Co-Fund commented:
David Jabbari, CEO Muve 07887 242322 [email protected]