ReallaFounders: Andy Miles and Ian Parry Base: London Funding: £2.1m
Founded in 2014 and due to Miles’ and Parry’s frustration with the lack of tech-enabled solutions available for the commercial and property industry, Realla is a free-to-list search engine for commercial property.
“The commercial property industry is still in the very early stages of its adoption of modern technology – probably 10 years behind residential,” said Miles.
“The story will take a very long time to play out. However, the trend is only going one way, creating good opportunities for companies like ours. I would also expect to see more interest in and acceptance of technology solutions by agents and landlords – provided they are genuinely useful,” he added.
Realla, which serves the likes of Colliers and Regus and is working on deepening its relationship with its first large customer Jones Lang LaSalle, has drawn support from some high-profile investors including Simon Murdoch, an early investor in Zoopla and Lovefilm; and Andy Jones, former chairman of ImmobilienScout24, the leading residential property portal in Germany.