London-based Coadjute has secured £10 million in funding, led by Lloyds Banking Group with £3 million, alongside investments from Nationwide, NatWest, and Rightmove. This marks the first joint investment by these major UK mortgage companies in a property technology firm.
Coadjute, founded in 2017, has now received a total of £23 million in investment since its inception. The company focuses on digitizing and simplifying the UK housing market through its technology platform. It aims to connect all stakeholders involved in property transactions, including estate agents, conveyancers, mortgage lenders, buyers, and sellers, onto a unified network. This approach streamlines the home buying process by facilitating secure information sharing, progress tracking, and contract signing in a standardized and efficient manner.
The recent funding will support Coadjute in expanding its services nationwide, enhancing its network with mortgage brokers and lenders, and further developing its technology to make home buying quicker, easier, and more transparent for consumers and industry professionals alike. The investment follows Coadjute’s collaboration with major institutions like the Bank of England and HM Land Registry on Project Meridian, aiming to modernize property settlement processes.
In securing £10 million in funding, led by Lloyds Banking Group and joined by Nationwide, NatWest, and Rightmove, Coadjute marks a significant milestone as the first property technology firm to attract a joint investment from these major UK mortgage companies. With a total investment of £23 million since its 2017 inception, Coadjute is poised to further revolutionize the UK housing market. By integrating stakeholders onto a unified digital platform, Coadjute aims to streamline home buying processes with enhanced transparency and efficiency. This latest funding will fuel its expansion nationwide, bolster its network infrastructure, and advance its mission to redefine property transactions for the future.