This is the Offr pitch deck to raise a $3.6m seed round in 2020.
About
Offr is an open-offer solution for buying and selling property, quickly, and transparently. It is an offer processing technology that sits on an agent’s branding to give their clients quality experience in the market.
Irish property tech startup Offr has raised a £2.7 million ($3.6 million) seed funding round from Barclays.
The 10-month-old company is a digital solution for buying, letting, and renting properties across borders and saw a boom in interest during the coronavirus pandemic, even as actual property transactions diminished.
“It was an out-of-body experience,” Robert Hoban, CEO and cofounder of Offr, told Business Insider in an interview. “The pandemic slowed transactions to a trickle but drove business development for us, we saw so much change in 10 weeks. There was so much less fear and resistance around technology previously but now seen a lot of change in a very conservative industry.”
Existing investors Delta Partners on behalf of Bank of Ireland, AIB, Enterprise Ireland, The European Investment Fund and Frontline Ventures also participated in the round which takes Offr’s total funding to $4.8 million.
Earlier this year, Offr participated in the Barclays London Accelerator, powered by Techstars, and was selected as one of the few candidates for follow-on investment from this year’s cohort of companies.
Much of the fundraise itself was done remotely from Hoban’s kitchen table in Dublin and he said that he is still yet to meet some 50% of the company’s investors in person.
“We weren’t doing a load of pitching to VC funds because the new VC funds to us weren’t looking to make new investments during the pandemic,” Hoban added.
“We had a strong existing investor base and then interest from private and strategic investors in the product but we still got a proper grilling, these are no slouches.”
Funding Rounds
| Announced Date | Transaction Name | Number of Investors | Money Raised | Lead Investors |
| Feb 3, 2021 | Seed Round – Offr | 1 | — | Second Century Ventures |
| Aug 20, 2020 | Seed Round – Offr | 6 | €3M | Barclays |
| Jan 27, 2020 | Pre Seed Round – Offr | 2 | — | Barclays Accelerator, powered by Techstars – London |
Pitch Deck Review Summary
Slide by slide review
Deck Collection
See the rest of the collection here:
Comments (0)
There are no comments yet :(