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Online agent ‘worth £12m’ raises £550,000 from almost 500 investors

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Online agent Doorsteps closed its crowdfunding pitch at midnight after extending it for a week and going well over target.

The business had hoped to raise £400,000 but by the middle of yesterday had attracted almost £550,000 from 489 investors.

Doorsteps, which announced that it was considering a merger mid-pitch, also announced having a second formal meeting with the unnamed company at which terms of a potential deal were discussed.

Doorsteps, which has been going less than a year, claims to be Britain’s 41st largest estate agent and said in its pitch that it is worth £12m.

Its founder is Akshay Ruparelia and its CEO is Mahesh (Mark) Kotesha. Also part of the management team is Sham Golamy, who previously headed up Rightmove Overseas.

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Source:: Online agent ‘worth £12m’ raises £550,000 from almost 500 investors