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Zoopla Property Grp (ZPG)

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Tuesday 16 February, 2016

Zoopla Property Grp

Zoopla Invests in Leading UK Proptech Start-Ups

RNS Number : 1696P
Zoopla Property Group PLC
16 February 2016
 

Zoopla Property Group Plc

ZOOPLA PROPERTY GROUP INVESTS IN LEADING UK PROPTECH START-UPS

·      £1m invested across four of UK's most-promising Proptech start-ups

·      ZPG announces long term strategic partnerships with each new business 

·      New innovative products and services for consumers & business partners

Zoopla Property Group Plc (LSE: ZPLA) ("ZPG") , the digital media and lead generation platform which owns some of the UK's leading home-related consumer brands including Zoopla, uSwitch and Primelocation, today announces that it has invested in and agreed long term strategic partnerships with four of the UK's most-promising and innovative property technology start-up companies.

The partnerships/investments include PropertyDetective, the UK's leading provider of property and neighbourhood research reports, which will provide more in depth property data to ZPG users and agents; FixFlo, the UK's leading online repair reporting platform, which will give ZPG agent members tools to help them manage tenant maintenance issues more effectively; Landbay, a leading peer-to-peer lender for property, which will allow ZPG users to invest in the UK residential property market from as little as £100; and Trussle, the UK's first and only online mortgage adviser, which will help ZPG users find the best value mortgages for their needs.

In addition to investing in each of these businesses to support and accelerate their growth, ZPG has established exclusive, long term partnerships with each of them to further enhance the experience across its platform. ZPG has been at the forefront of innovation in the Proptech space since its launch in 2008 and these deals reaffirm its mission to be the most useful resource for consumers when finding, moving or managing their home and the most effective partner for related professionals.

Alex Chesterman, Founder & CEO of ZPG said, "We are delighted to announce our investments and partnerships with these exciting companies that will help us to further differentiate our offering for both our users and partners. These deals confirm our ongoing commitment to leading innovation and nurturing UK technology entrepreneurs and together with our ongoing internal product developments will continue to see us leading the way across the property space."

ENDS

For further information, please contact:

Zoopla Property Group Plc

Lawrence Hall, Head of Communications [email protected] / 020 7620 4618 / 07890 078 945

Rachael Malcolm, Head of Investor Relations [email protected] / 020 7620 4790 / 07774 671 082

Maitland

James Isola, Partner [email protected] / 020 7379 5151

 

About Zoopla Property Group (www.zpg.co.uk)

Zoopla Property Group Plc (LSE:ZPLA) (ZPG) is a digital media and lead generation platform that owns and operates some of the UK's most widely recognised and trusted digital consumer brands including Zoopla, uSwitch and PrimeLocation. Our mission is to be the most useful resource for consumers when finding, moving or managing their home and the most effective marketing channel for related business partners.

We help consumers make smarter decisions. Each of our brands has a distinct market position attracting a unique audience allowing us to deliver unrivalled exposure and leads for our partners. Our websites and mobile apps attract over 550 million visits per year and generate over four million leads per month for our partners.

Zoopla is the UK's most comprehensive property website, empowering consumers to make smarter property decisions, by helping them to research the market and find their next home by combining hundreds of thousands of property listings with market data and local information.

uSwitch is the UK's leading comparison website and lead generation engine for home services switching, helping consumers to find the best deal and save money on their gas, electricity, broadband, TV, phone and personal finance products. In 2014, uSwitch saved UK consumers over £112m on their energy bills alone.

PrimeLocation is one of the UK's leading property websites, helping house-hunters in the middle and upper tiers of the market explore and find their dream home from the top estate and letting agents.

Zoopla Property Group Plc was founded in 2007 and has a highly-experienced management team, led by Founder & CEO, Alex Chesterman.


This information is provided by RNS
The company news service from the London Stock Exchange
 
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