OneDome, a financial and property technology startup, has raised £18 million in funding as it seeks to accelerate its expansion. The fundraising takes the total amount raised by OneDome to £30 million and includes a media-for-equity deal worth up to £7.5m with Channel 4.
OneDome integrates elements of the homebuying process through its HomeBuyer service, which provides mortgage advice, conveyancing and transaction management in a single fixed-price bundle sold for £999. The platform arranges approximately $1.4bn of mortgage lending each month and works with a network of more than 500 mortgage brokers.
It acquired the online mortgage broker Trussle last year. OneDome says it is already profitable and has set a target of being involved in 10% of all UK homebuying transactions within five years, while aiming to triple revenues by the end of 2026. OneDome is chaired by Sir Nigel Knowles, a former City lawyer.
OneDome declined to name the other investors in the round, stating that they are family offices based in the United Kingdom, Saudi Arabia, the United States and Australia.
