Nested Raises £120M to Reinvent Home-Selling

London-based Nested has raised a £120m financing round consisting of £20m in equity finance and £100m in debt finance.

Launched in 2016, Nested offers a home selling platform with a ‘cash advance’ twist. Here’s How It Works: homeowners use Nested to value their property and obtain the right listing price. If both parties agree on the listing price, then Nested will offer an advance within 30 days of listing. And it costs 1% (excl. VAT) to list with Nested. In other words, Nested handles valuation, marketing, sales and offers a cash advance.

On a related note, NY-based  Ribbon has announced a $225m round for its home buying platform and ‘Ribbon Offers’ – if a buyer can’t secure a mortgage in time then Ribbon will pay for the house itself and give the buyer extra time to get financing, while Ribbon collects rent on the property.