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iamproperty: Backing innovation and customer service

Minority investment backs founders to scale technology-led software, platform and services business.

Sector
  • Construction & property
  • Support services

iamproperty is an innovative service provider to the UK estate agency market.

Deal type
  • Development capital

iamproperty specialises in technology-led software, platforms and services that support property professionals and help them to reduce transaction timescales and improve the security of a sale for both buyer and vendor.

The group includes nationally recognised white-label auction service iamsold, provider of conveyancing and auction pack services Medway Law, as well as a conveyancing marketplace and compliance platform. The business is headquartered in Newcastle and employs 180 people.

LDC is helping to support investment in our technology, growing our market presence and the diversification of our proposition. We aim to grow our services to agents, offering a one stop shop of technology led-solutions that can help them drive extra revenue, improve cashflow and keep them fully compliant.”
Ben Ridgway, Group Managing Director
iamproperty

Investment for growth

In February 2019, we completed a minority investment in the business to help accelerate organic growth as it continues to expand and diversify its offering.

To support the deal, Mark Goddard joined the business as Group Chairman. Goddard has held senior positions at Zoopla Property Services, The Property Software Group and GMG Property, bringing over a decade of industry experience and expertise to iamproperty.

In July 2020, Zoopla launched a partnership with iamsold (part of the iamproperty group). In an industry-first, the partnership will help agents expand their services and commercial opportunities by selling properties via the Modern Method of Auction. It will also educate homemovers about the benefits of buying and selling properties at auction – speed, security and transparency.

Ongoing investment in the business and its people is an important part of ensuring that we continue to be a leading and innovative service provider.”
Ben Ridgway, Group Managing Director
iamproperty