London law firm raises £1.1m for team expansion
A London law firm has announced that it has raised £1.1m to push its continued expansion plans.
Muve, which specialises in residential conveyancing, will use the funding to expand its UK team, invest in automation, and monetise additional data services.
The three core investors in the round are Origin Capital, which led the transaction, the Angel Co-Fund, and MI Investment Holding Ltd.
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 said: “Origin is very pleased to have led this investment round in Muve.
“We believe the company has developed an extremely sophisticated, efficient and effective conveyancing process and has great opportunities to significantly grow its UK market share over the coming years.
“We are greatly looking forward to joining with Muve’s founders on this exciting growth journey.”
Paul Fauset of the Angel Co-Fund added: “The Muve team has already made impressive inroads into the conveyancing market using their proprietary process automation technology.
“It is especially encouraging at this time to see Muve, an innovation-led company, raise the funds that can allow them to further develop the technology and business model so they are able to thrive when markets normalise.”
Looking to promote your product/service to SME businesses in your region? Find out how Bdaily can help →