About Purplebricks
Purplebricks is a company based in Colchester (United Kingdom) founded in 2007 by Alexander Gosling. It operates as a Commission-Based, and Professional Services. Purplebricks has raised $125.44 million across 11 funding rounds from investors including Channel 4 Ventures, Freston Ventures and Toscafund. Purplebricks offers products and services including Property Sales, Property Lettings, and Mortgage Advice. Purplebricks operates in a competitive market with competitors including Redfin, QuintoAndar, Square Yards, PropTiger and Compass, among others.
- Headquarter Colchester, United Kingdom
- Founders Alexander Gosling
- Stage Minicorn
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Sectors
Real Estate & Construction
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Purplebricks Property Limited
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$125.44 M (USD)
in 11 rounds
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Latest Funding Round
$28.29 M (USD), Series B
Jun 25, 2021
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Investors
Channel 4 Ventures
& 2 more
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Employee Count
Employee Count
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Products & Services of Purplebricks
Purplebricks offers a comprehensive portfolio of products and services, including Property Sales, Property Lettings, and Mortgage Advice. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Homes are sold with expert local agent support.
Rental properties are managed for landlords with ease.
Mortgage solutions are provided through extensive lender networks.
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Funding Insights of Purplebricks
Purplebricks has successfully raised a total of $125.44M across 11 strategic funding rounds. The most recent funding activity was a Series B round of $28.29 million completed in June 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 11
- Last Round Series B — $28.3M
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First Round
First Round
(04 Jul 2011)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2021 | Amount | Series B - Purplebricks | Valuation | Channel 4 Ventures |
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| Apr, 2020 | Amount | Series B - Purplebricks | Valuation |
investors |
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| Oct, 2019 | Amount | Series B - Purplebricks | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Purplebricks
Purplebricks has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include Channel 4 Ventures, Freston Ventures and Toscafund. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Private equity investments are directed across multiple sectors.
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Founded Year | Domain | Location | |
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Investments are made by Freston Ventures in early-stage UK startups.
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Founded Year | Domain | Location | |
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Toscafund is engaged in specialist investment management services.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Purplebricks
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Purplebricks
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Purplebricks Comparisons
Competitors of Purplebricks
Purplebricks operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Redfin, QuintoAndar, Square Yards, PropTiger and Compass, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Residential properties are listed and brokered through an online platform.
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| domain | founded_year | HQ Location |
Rental properties are brokered online for seekers and owners.
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| domain | founded_year | HQ Location |
Technology platform for real estate transactions and mortgages is provided.
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| domain | founded_year | HQ Location |
A platform for residential property buying is facilitated by PropTiger.
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| domain | founded_year | HQ Location |
Online brokerage for residential properties is facilitated via mobile apps.
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| domain | founded_year | HQ Location |
Online brokerage firm for buying/selling of real estate properties
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Purplebricks
Frequently Asked Questions about Purplebricks
When was Purplebricks founded?
Purplebricks was founded in 2007 and raised its 1st funding round 4 years after it was founded.
Where is Purplebricks located?
Purplebricks is headquartered in Colchester, United Kingdom.
Is Purplebricks a funded company?
Purplebricks is a funded company, having raised a total of $125.44M across 11 funding rounds to date. The company's 1st funding round was a Series B of $4.92M, raised on Jul 04, 2011.
What does Purplebricks do?
Purplebricks is involved in offering estate agency services throughout the United Kingdom, focusing on property sales and lettings. Services are provided with a focus on fair, fixed fees and flexible payment options for sellers. The company operates in the residential real estate sector, delivering expert local knowledge through agents. Additional solutions such as mortgage advice and property valuations are offered to support clients. Coverage spans multiple cities, ensuring accessibility to a wide customer base.
Who are the top competitors of Purplebricks?
Purplebricks's top competitors include Square Yards, QuintoAndar and Redfin.
What products or services does Purplebricks offer?
Purplebricks offers Property Sales, Property Lettings, and Mortgage Advice.
Who are Purplebricks's investors?
Purplebricks has 3 investors. Key investors include Channel 4 Ventures, Freston Ventures, and Toscafund.
What is Purplebricks's valuation?
The valuation of Purplebricks is $116.11M as of Jun 2021.