A Cardiff-based property technology company, openmoove, has secured £700,000 in equity investment, led by the Development Bank of Wales, to scale its platform, grow its team, and support the rollout of its service across the UK property sector.
openmoove has developed a B2B platform designed to streamline the workflows of estate agents, conveyancers and mortgage brokers, helping reduce administrative burdens, improve communication, and make property transactions easier to manage for all parties involved.
The investment will now enable the business to scale up its team, accelerate go-to-market activity and roll out the platform more widely. The funding is expected to create six jobs in Cardiff in the coming months as openmoove builds a small, expert team to support the next stage of growth.
Ross Alexander McKenzie, CEO and Co-founder of openmoove, said, “We’ve spent the last 18 months building the product, working closely with estate agents, conveyancers and mortgage brokers, and proving there is real demand for a better way to manage the property transaction process. This investment gives us the backing to scale up, build our team in Cardiff and start rolling the platform out more widely. We’re proud to be building openmoove in Wales. This is a Welsh business, founded by two people who have grown up and built their careers here, and we’re excited to be creating jobs in Cardiff as we move into the next phase of growth.”
Cai Gwinnutt, Co-founder of openmoove, said, “Our focus has been on creating technology that fits around the systems professionals already use, rather than forcing them to change behaviour or adopt a completely new way of working. We’ve developed a market-ready product, tested it with early customers and are now in a strong position to accelerate our growth. This funding allows us to keep building with intent – expanding the team, strengthening the platform and taking a product that will improve the way property transactions happen.”
Michael Rees, Investment Executive at the Development Bank of Wales, said, “Our investment from the Wales Technology Fund will help openmoove scale from Cardiff, create new jobs and build on the commercial foundations already in place. It is also encouraging to be investing alongside Haatch again, demonstrating the value of co-investment in supporting ambitious Welsh businesses with high-growth potential.”
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