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Trussle receives £4.5m backing

Orange Growth Capital, a European and Asian fintech VC and backers of peer-to-peer lending platform Zopa and online insurance broker Knip, has led the funding.

Existing investors LocalGlobe, Zoopla, and Seedcamp, who together supported a £1.1 million seed round in February 2016, alongside angel investors Ed Wray, co-founder of Betfair, and Ian Hogarth, co-founder of Songkick, are also behind the deal.

Launched in December 2015, Trussle has now reached the milestone of managing £1 billion worth of mortgages on behalf of homeowners across the UK.

Orange Growth Capital, a European and Asian fintech VC and backers of peer-to-peer lending platform Zopa and online insurance broker Knip, has led the funding.

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Online mortgage broker Trussle lands £4.5m investment

Trussle, the online mortgage broker featured in Tech Pitch, has closed £4.5m in funding led by Orange Growth Capital, with participation from LocalGlobe, Zoopla and Seedcamp.

Launched in 2015 by Ishaan Malhi, London-based Trussle is attempting to disrupt the mortgage market by comparing and tracking thousands of mortgage products from over 90 lenders to find the most suitable one for its customers.

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90 North hires partner from LaSalle

The property investment firm, which acts on behalf of Middle Eastern investors, has hired Yeend to help continue its growth and broaden the range of investments it makes. Last year, 90 North reached the milestone of £1bn in global assets after completing a number of deals in the US totalling about $300m.

Yeend said: “I am very pleased to be joining 90 North – the firm has a great combination of proven transactional ability and sound equity partnerships.

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90 North doubles US portfolio value in 2016 to $540M

London headquartered global real estate investment firm 90 North has more than doubled the value of its US assets acquired since the beginning of 2016.

The firm has so far closed approximately $300 million of deals in the US this year, taking the overall value of its assets in the country to $540 million.  This marks an increase of more than 100% in the value of the firm’s US portfolio at the end of 2015.

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90 North achieves milestone purchase

90 North has completed its 25th transaction with a $107m (£87.5m) deal in the US that takes its investment to date to above $1.5bn.

It acted for KAMCO Investment Company, one of the Gulf’s largest real estate investors, in the purchase of General Electric’s new global operations centre in Cincinnati.

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Tech Pitch: Trussle

Backed by Zoopla and Robin Klein, this start-up is intent on making the process of finding, securing, and managing a mortgage accessible and fee-free...

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Canadian VC to invest in UK proptech

Pi Labs, Europe’s first proptech-focused venture capitalist, has formed a strategic funding partnership for its accelerator programme with Bosa Ventures, the investment arm of  Canada-based Bosa Properties.

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Proptech incubator Pi Labs presents its latest start-ups to investors

Pi Labs has held its third demo Day with five Proptech companies presenting to a room full of potential investors at the Institute of Contemporary Art in London.

The companies were subject to a three-month long specialist programme to help them refine their businesses, start generating revenue and become ‘investor ready’.

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Property Week – 90 North heads to Holland to buy brand new HQ building

90 North Real Estate Partners has bought the global headquarters of construction firm Heerema Marine Contractors (HMC) in Leiden, the Netherlands, for €70m (£54m).

The Mayfair-based firm, which invests on behalf of individuals in the Middle East, acquired the newly constructed 222,000 sq ft office building from a fund managed by Standard Life Investments.

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