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Nested wins £37m more funding to expand out of London

first_imgHome » News » Nested wins £37m more funding to expand out of London previous nextNested wins £37m more funding to expand out of LondonAgent that pays vendors up to 97% of asking price to help break chains gets record funding.Nigel Lewis23rd October 201701,888 Views Nested, the estate agent that advances up to 97% of a vendor’s asking price before they sell, has raised £36m in funding from venture capitalists.This is the largest funding round in Europe to date this year for a proptech firm and, added to the £11 million it has already raised during the past 18 months, Nested has so far raised £47 million to fund its unusual mix of bridging-loan style finance and estate agency sales.Billed as the agency that ‘helps you buy your new home before you’ve sold your old one’, Nested received it latest round of cash from a German VC called Global Founders Capital and now claims to have guaranteed “tens of millions of pounds” for vendors.It also says it will be selling between five and ten percent of all London’s property for sale “in the next year”.Launched in January this year, the extra funding is down to the firm’s “aggressive growth” in London, although it is planning to use the new cash to move out into the rest of the UK soon.On Rightmove the company has 84 listings of which six are listed as sold STC and 19 as under offer.Nested works by offering vendors between 95% and 97% of their property’s value up front in cash, enabling them to get on with buying their next home, and then sells their home after which, minus its fees, the rest of the money is then passed on.The company, which bills itself as a ‘property chain breaker’, was founded by Go Cardless founder Matt Robinson (pictured, above), Phil Cowans of music fan site Songkick and architect James Turford.Matt Robinson says 90% of its customers are vendors who have been unable to sell their homes through conventional sales agents.“Anyone who has ever sold a home in the U.K. knows that the system is broken,” says Matt.“We fully anticipate being people’s preferred way to sell their home in the coming years. “Based on current demand, we expect to be doing 1% of London home sales in the next few months and 5-10% in the next year.”Phil Cowans James Turford Nested Matt Robinson October 23, 2017Nigel LewisWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles Letting agent fined £11,500 over unlicenced rent-to-rent HMO3rd May 2021 BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021last_img read more

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Microwave, dishwasher best for cleaning sponges

first_img Sanitizing kitchen sponges is important because they may be contaminated with pathogens like Escherichia coli O157:H7 and Salmonella. Microbiologists Manan Sharma and Cheryl Mudd also tested sponges soaked in lemon juice and in deionized water for 1 minute and in 10% bleach solution for 3 minutes, and they left one untreated. Between 37% and 87% of bacteria were killed using these methods, leaving sufficient bacteria to cause disease. (Deionized water is purified water from which most ions, such as sodium, calcium, iron, and chloride, have been removed). Others studies have shown the powerful effects of microwaving. University of Florida engineering researchers found that microwaving killed more than 99% of bacteria in sponges that had been soaked in raw wastewater, according to a Jan 22 university news release. The study was published in the December 2006 issue of the Journal of Environmental Health. Apr 23 USDA news releasehttp://www.ars.usda.gov/is/pr/2007/070423.htm Initially, each of the sponges contained about 20 million microbes, after researchers soaked them in a solution of ground beef and lab growth medium for 48 hours. The study was conducted at the ARS Food Technology and Safety Laboratory in Beltsville, Md. See also: Sponges should be wet when placed in the microwave and should have no metallic components, according to the University of Florida release.center_img Treatment in the microwave and the dishwasher also left sponges with less than 1% of the original counts of yeasts and molds in them, whereas 6.7% to 63% remained in the sponges treated with the other methods or left untreated. The ARS said these methods were tested because they are commonly used in households. Apr 25, 2007 (CIDRAP News) – Bacteria in a kitchen sponge can best be eliminated by heating the sponge in a microwave oven or running it through an automatic dishwasher, according to a study by the US Department of Agriculture (USDA). “Basically what we find is that we could knock out most bacteria in two minutes,” said Gabriel Bitton, University of Florida environmental engineering professor, in the news release. Researchers found that microwaving a wet sponge for 1 minute killed 99.9999% of bacteria, while running a sponge through a dishwasher cycle that included drying eliminated 99.9998% of bacteria, the USDA’s Agricultural Research Service (ARS) said in an Apr 23 news release. News release on University of Florida studyhttp://news.ufl.edu/2007/01/22/zap-the-bugs/last_img read more

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Witten’s Warriors Shootout this weekend at Aztec

first_imgAztec hosts Witten’s Warriors Stock Car Shootout on Aug. 31, Sept. 1 AZTEC, N.M. (Aug. 26) – Racing is the second most important aspect of the Witten’s Warriors Stock Car Shootout special at Aztec Speedway this Saturday, Aug. 31 and Sunday, Sept. 1.The event is a fundraiser for the Carrie Tingley Hospital Foundation in Albuquerque and helps raise awareness about cerebral palsy. Witten’s Warriors T-shirts, sweatshirts, hats and other souve­nirs will be sold at the track both days. Features for the IMCA Sunoco Stock Cars and IMCA Xtreme Motor Sports Modifieds will be held both nights, each paying $1,000 to win. Both Modified features are qualifiers for the 2014 Fast Shafts All-Star Invitational ballot. Saturday’s Stock Car winner gets a $300 product certificate from Sybesma Graphics. The Stock Car winner on Sunday gets a set of EQ cylinder heads from J & J Engine and Machine.Hard chargers in each Stock Car feature earn $200. Scoggin-Dickey Parts Center Southern SportMods complete the two shows; the Stock Car and Modified portions of the program will be draw/redraw.Gates open at 4 p.m. and the grandstand opens at 5 p.m. Hot laps are at 7 p.m. with racing to follow.Pit passes are $30; the $15 entry fee for Stock Cars will be waived for any drivers towing 300 miles or more.Grandstand admission is $20 for adults, $18 for military personnel and seniors, $15 for youth ages 6-14 and free for five and under.A barbecue in the pit area begins at 5 p.m. on Saturday.last_img read more

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