Exclusive: Ying Tan invests in AI startup Propflo

Bristol-based start-up Propflo has confirmed it has successfully closed its £180,000 pre-seed funding round from strategic investors to develop its property transparency platform.

The platform includes an “Experian-like” proprietary property score that owners can add context to, as well as sustainability insights and support to prepare sellers and buyers. It was founded by proptech entrepreneur Luke Loveridge, managing director of the company, and geospatial data and risk scientist Dr. Daniel Moyo.

The company has a strong team of advisors including Yopa chief executive and ex-Purplebricks chief executive Verona Frankish and Dr. Mike Tipping, a global AI expert.

The main focus of the recent funding round was to engage strategic investors with relevant experience to accelerate growth.

The tour was led by Ying Tan, founder and former CEO of The Buy to Let Business (now Dynamo). Tan built a large real estate portfolio early in his career and since leaving Dynamo has become the non-executive chairman of mortgage criteria research system Knowledge Bank.

Tan, a Propflo angel investor, will join the board as a non-executive director to help with growth and provide strategic direction, joined by colleague Penny Desborough.

Active angel investor Robin Balen who has previously invested in successful proptech start-ups is also part of the round.

Tan says: “Propflo is a super exciting opportunity for me. When I left my company, I wanted to support and empower the next generation of entrepreneurs. Luke already has a great, proven track record and has all the amazing attributes I look for in founders.”

“Propflo is a revolutionary product that has ambitious plans to disrupt the market, to create a better real estate buying experience. This makes it incredibly exciting for me and complements my other recent investments. I’m excited to be part of its next chapter. of growth and the exciting journey ahead.

Loveridge said, “I truly admire what Ying has accomplished in the mortgage brokerage industry, and his knowledge of the mortgage and real estate markets will be a tremendous asset to Propflo. When I discussed the opportunity with him, I felt that our values ​​aligned and that we could work very well together to build a great company. I’m also glad Robin was on the tour as well; his guidance in previous proptech ventures has proven invaluable.

Dr Moyo says: “We recently expanded our advisory board with Dr Mike Tipping, a global leader in AI, he joined Verona Frankish, who was previously part of the Mortgage Advice Bureau leadership team and current Director general Yopa online real estate agents. Adding Ying and Robin’s commercial and market-specific experience to the company creates an even stronger and well-rounded team.

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