Ex-Deliveroo Execs Secure $2M funding for UK property search venture 💵
A trio of former Deliveroo executives have secured investment for a new property search engine start-up backed by a Google artificial intelligence fund.
Sky News announced that Jitty has raised $2m from investors led by Gradient Ventures, an AI fund established by the global technology behemoth.
Jitty, which will target homebuyers, uses so-called large-language model (LLM) technologies, as well as computer-vision, to read property floor plans and understand photographs and descriptions of homes.
AI-infused Jitty is equipped with tools for users to create shortlists and share information on each property.
It also has the capability to read floor plans and understand photos and descriptions of homes, as well as cross-reference details on public housing databases.
The company raised $2m (£1.6m) in pre-seed funding from Google’s Gradient Ventures to develop its technology, and the firm is looking to index the whole property UK market.
Among the angel investors to back Jitty is Doug Monro, former chief operating officer for property website Zoopla.
from Ex Zoopla Exec
“Jitty has huge appeal – it’s a mature market but there’s still room for much better tools with a focus on the buyer. I’ve spent my career building some of the biggest consumer marketplaces like Adzuna, Zoopla, and Gumtree, and Jitty has the opportunity to have a similar major impact.” Monro said.
While other apps like Zoopla in the UK, and Redfin or Zillow in the US, make it easy to search homes by location and further filter homes, Jitty has built natural search capabilities for searching homes.
Additionally, users can easily share the homes they like on Jitty with others, organise their favorite homes in lists, and track the status of each home thus avoiding endless back and forth via email or messaging apps.
This column does not necessarily reflect the opinion of overwrite.ai and its owners.
Mark Kleinman writes for Sky News.
This story has been published from an article published on Sky News in August 2023.
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