# Nextday Property

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/nextday-property

- Industry: Internet
- Headquarters: London, UK
- Website: www.nested.com
- Total disclosed funding: $0.8M
- Latest round: Series A (Jan 22, 2016)
- Investors on record: 1

## About

Based in the UK, Nextday Property Ltd. is a real estate company that modernizes property transactions through an innovative platform and performance-driven agent model, tailored to enhance the home-selling experience.Nextday Property Ltd. was founded in 2015 in London, UK, and specializes in facilitating residential property sales. The firm has successfully completed 7 deals with its most recent funding round occurring on March 31, 2021, where it raised GBP 5 million led by Aviv Group, with participation from Balderton Capital and Northzone. The company is co-founded by James Sales, Narender Thota, Ryan Klibansky, Phil Cowans, and James Turford, with James Sales serving as CEO.Nextday Property Ltd. operates Nested Estate Agents, which offers a modern approach to real estate transactions through a user-centric platform and a hyper-local agent model. Their core service involves selling residential properties, where agents earn commissions based on the final sale price, ensuring an incentivized and personalized selling process. The company utilizes a mobile app that enhances transparency and provides clients with real-time assistance. Nested primarily serves property sellers in the UK, focusing on urban markets like London, and aims to deliver a tech-forward experience in real estate transactions.In the most recent year, Nextday Property Ltd. reported a revenue of GBP 935,443.70, with an EBITDA of GBP -7,870,108.20. The company's revenue model is commission-based, aligning agent incentives with sellers' interests, which supports agent performance and client outcomes.In March 2021, Nextday Property Ltd. secured GBP 5 million in venture funding, aimed at enhancing the home-selling experience. The company plans to utilize these funds to develop upcoming features in their platform and potentially expand into additional markets. Specific markets for expansion have not been disclosed, but the continued development of their user-centric approach is a strategic priority.

## Funding rounds

- Series A, Jan 22, 2016, $0.8M — Loric Ventures

## Investors

- Loric Ventures (https://capitalatlas.ai/funds/loric-ventures) — Series A