Successful funding round brings total raised by Offr to €6m

Plans to expand into more international markets

Trade

Robert Hoban, Offr

Offr, a white-label solution for estate agents showing live bids on property, has completed an investment round, raising €2.1 million. This new investment brings Offr’s total funding to date to €6 million.

The company intends to grow its presence in Ireland and to expand into markets including the UK, South Africa, and the United States.

Since its inception in 2019, Offr has been used by more than 100 real estate companies in three countries (Ireland, UK, & South Africa), processing 50,000 offers with a combined value of €20 billion and facilitating 2,500 property transactions.

Robert Hoban, Co-Founder and CEO of Offr said: “Before Offr, all offers in Ireland were made offline by telephone or e-mail or in person at viewings, resulting in a mess of distrust, lack of transparency and communication, and total dissatisfaction with the process. Deals used to take six months to close. Offr’s pioneering solution has been embraced so quickly and entirely by the Irish market, that estate agents are now being asked every weekend at viewings where they submit their offers online. Sellers are appointing estate agents who have a powerful online offer solution. We’re excited to expand our offering into the US.”

Some 35,000 people have used Offr to speed up their property buying process. A total of 675 solicitor firms have used Offr’s data room to upload and download contracts and legal packs, greatly speeding up the archaic conveyancing process.

The platform maintains an independent register of offers, complete with proof of funds, photo ID, and anti-money laundering checks, fostering trust and transparency in the market while automating over 90% of daily communication tasks for estate agents.

Brands using the Offr platform include CBRE (Ireland & South Africa), Sherry FitzGerald, Cushman & Wakefield, Savills, Quillsen, Hunters, Avison Young (South Africa), Broll Auctions (South Africa) and High Street Auctions (South Africa).

TechCentral Reporters

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