Appraised Limited

Appraised Limited develops advanced property appraisal software that enhances financial analysis efficiency for real estate professionals. The company offers tools that streamline project management and improve accuracy in development appraisals. Founded in 2017, Appraised Limited operates out of London, UK, specializing in property development appraisal software. The company has successfully completed 2 deals, with its most recent funding round occurring on March 30, 2021.

Appraised Limited raised GBP 0. 60 million in Seed funding, primarily from Pi Labs and ALP. X Group, which valued the company at GBP 1. 12 million post-money.

The company was co-founded by Daniel Norman, who also serves as CEO, and Jonathan Raoult. Appraised specializes in property development appraisal software designed to enhance the efficiency and accuracy of real estate financial analysis. Its core offerings include tools for creating development appraisals, calculating project returns, and producing stakeholder reports, essential for real estate developers and professionals. The software facilitates data-rich financial modeling, comprehensive forecasting, and professional-grade reporting, enabling users to assess the viability of development projects quickly and accurately.

The platform serves a diverse clientele, including property developers and valuation teams, across 12 countries, with around 400 users. Notably, it is especially valuable in North America, Europe, and parts of Asia. Appraised generates revenue primarily through subscription-based models, providing users access to its suite of property development appraisal software tools. Clients typically engage with the platform on a recurring basis through monthly or annual subscription plans.

While specific pricing structures are not disclosed, the offerings cater to individual users and larger enterprises requiring extensive project management capabilities. The firm focuses on providing a user-friendly interface and responsive customer support to enhance client satisfaction and foster long-term partnerships within the real estate sector, adopting a B2B revenue model. Following its Seed funding round of GBP 0. 60 million on March 30, 2021, Appraised Limited aims to utilize this capital to enhance its software offerings and expand its market presence.

The company is currently designing new features and tools that are expected to launch in the near future. Additionally, Appraised plans to enter new geographic markets, specifically targeting regions in Asia and Europe by the end of 2023, to broaden its user base and meet the growing demand for efficient property development solutions.