Realla.co, a commercial property search engine, has landed £1.5m in funding from a group of property and tech investors led by Kirsh Family Office and Lloyd Dorfman’s Esselco Group.
Founded in 2014, Realla seeks to help tenants, investors and agents source property and will use the funds to accelerate its growth and develop its technology further.
Andy Miles and Ian Parry, co-founders of Realla, said: “Realla is answering a fundamental need to modernise the way commercial real estate is marketed and discovered online. Creating a ‘Google-style’ search experience for commercial property is part of that need.
“Realla aspires to become the most comprehensive commercial property website, making information more transparent and helping the market to become more liquid. We are delighted that our new investor group includes some of our early customers, which we believe supports our conviction in Realla’s unique offer,” added the co-founders.
Philip Lewis of Kirsh Family Office, spoke about the raise: “Realla has shown impressive growth and we are delighted to continue investing in this exciting young business, which we have been supporting and financing since inception.
“Ian, Andy and the team are passionate about delivering the leading online commercial property experience to tenants and investors, as well as being the best online marketing partner to the industry. We are also delighted to welcome some well-known real estate investors and agents to Realla’s new investor group and advisory network,” added Lewis.
Subscribe to Realla blog on CRE tech
Get the latest posts delivered right to your inbox