Yesterday the UK’s Coadjute, an enterprise blockchain platform for UK real estate, said it raised a £6 million ($8m) pre-Series A round of funding led by Praetura Ventures. Other backers include U.S. based Collab+Currency, the LegalTech Fund and Rocket One Capital.
It follows a £3 million seed round last year and brings total funds raised to £10 million.
Coadjute uses blockchain to link the CRM systems involved in the house buying process, and so far, has signed up software platforms that support 70% of the UK’s estate agents. The company executed its first transaction in July, which was completed in nine weeks, compared to a current average of five months.
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