YOPA Property Limited

YOPA Property Limited is an innovative estate agency that specializes in residential property sales, offering a modern alternative to traditional estate agents in the UK market. YOPA Property Limited, headquartered in London, UK, was founded in 2015 by Andrew Barclay. The company provides a comprehensive service for property sales, focusing on affordability and transparency. Since its inception, YOPA has completed a total of 4 deals, with the most recent occurring on August 20, 2018.

The company raised GBP 20 million in its Series D funding round, led by Daily Mail and General Trust, which also included Grosvenor Hill Ventures as an investor. This funding round valued YOPA at GBP 159. 75 million post-money. YOPA operates as a full-service estate agency that specializes in residential property sales.

Their core services include property valuation, advertising on leading platforms like Rightmove and Zoopla, and providing support throughout the selling process, including negotiations. YOPA offers a fixed fee structure of GBP 999 (including VAT) or a 'Pay Later' option, allowing homeowners to sell their properties efficiently and without incurring high commissions typically associated with traditional agents. Their target market includes individual homeowners across the UK, who seek to maximize property visibility and sales prices without excessive fees. In the most recent financial year of 2022, YOPA recorded revenues of GBP 21,899,990.

1. The company operates on a pricing model where homeowners can choose between an upfront payment of GBP 999 or opt for the 'Pay Later' option, enabling fees to be paid only upon the successful sale of their property. YOPA's revenue is bolstered by the provision of additional services, such as mortgage advice, ensuring a comprehensive suite of offerings for residential property transactions. However, the company's EBITDA for the same year was GBP -7,366,294.

4. YOPA plans to utilize the GBP 20 million raised in its Series D funding round for several strategic initiatives. This includes the development of new products aimed at enhancing customer experience in property sales. Additionally, YOPA is targeting geographical expansion within the UK market to increase its presence.

Recent funding will support these initiatives, aiming to strengthen their market share and service offerings by enhancing technology and improving customer engagement.