AI start-up firm Propflo has announced that it has successfully closed its pre-seed funding round of £180,000 from investors to grow its property transparency platform.

The platform, which includes an “Experian-like” proprietary property score that homeowners can add context to, as well as sustainability insights and support to prepare sellers and buyers, has generated interest among mortgage intermediaries.

The latest round was led by angel investor, Ying Tan, who founded mortgage broker Dynamo in February 2006 before exiting in May 2021. He has since become the non-executive chairman of mortgage criteria search system, Knowledge Bank.

Tan will join the Propflo board as a non-executive director to help provide strategic direction.

He said: “Propflo is a super exciting opportunity for me. When I exited my business I wanted to back and empower the next generation of entrepreneurs. Luke already has an excellent proven track record, and has all the amazing attributes that I look for in founders.

“Propflo is a revolutionary product which has ambitious plans to disrupt the marketplace, to create a better property buying experience. This makes it incredibly exciting for me and compliments my other recent investments. I am delighted to be part of its next chapter of growth and the exciting journey that lies ahead.”

Propflo founder and CEO, Luke Loveridge, added: “I really admire what Ying has accomplished in the mortgage intermediary sector, and his knowledge of both the mortgage and property markets will be a huge asset to Propflo.

“When discussing the opportunity with him I felt that our values aligned and we could work very well together to build a great business.”

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