UK Prop-tech Openmoove Receives £700K In Equity Investment

The round was led by the Development Bank of Wales, with participation from HAATCH and Welsh angel investors.

Founded in 2024 by Ross McKenzie and Cai Gwinnutt openmoove offers a B2B platform that streamlines workflows for estate agents conveyancers and mortgage brokers reducing administrative work and improving communication across property transactions.

After 18 months of product development and early customer validation, the company is now preparing for broader market rollout. The funding will support team expansion go-to-market efforts and platform growth with plans to create new jobs in Cardiff.

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openmoove integrates with existing industry systems to create a single communication layer, without requiring users to change their tools. Its aim is to simplify the home-moving process and help property professionals work more efficiently.

Chief Executive Ross McKenzie said: “We’ve spent the last 18 months building the product, working closely with estate agents, conveyancers and mortgage brokers, and proving there is real demand for a better way to manage the property transaction process. This investment gives us the backing to scale up, build our team in Cardiff and start rolling the platform out more widely.

“We’re proud to be building openmoove in Wales. This is a Welsh business, founded by two people who have grown up and built their careers here, and we’re excited to be creating jobs in Cardiff as we move into the next phase of growth.”

Cai Gwinnutt added: “Our focus has been on creating technology that fits around the systems professionals already use, rather than forcing them to change behaviour or adopt a completely new way of working. We’ve developed a market-ready product, tested it with early customers and are now in a strong position to accelerate our growth.

“This funding allows us to keep building with intent expanding the team, strengthening the platform and taking a product that will improve the way property transactions happen.”