Progress Capital Companions (GCP) has signed a binding settlement to spend money on Nurtur Group, a serious supplier of lead technology, advertising automation, and knowledge perception software program to the property company sector.
Based in 2015 and headquartered in Derby, Nurtur has lengthy delivered expertise companies to the property {industry} by way of manufacturers equivalent to The Property Jungle, LeadPro, BriefYourMarket, KnowYourMarket, Yomdel and Starberry.
The PropTech group, which beforehand owned The Guild and High-quality & Nation, sees the brand new funding as key to supporting its long-term progress stategy.
Below the management of CEO Damon Bullimore and alongside majority shareholder, Toscafund, Nurtur has grown its built-in SaaS answer, prolonged its product providing and grown headcount to over 200 individuals throughout Derby and Coimbatore, India.
Nurtur has developed industrial relationships with a number of giant property company teams within the UK, as a part of its lead technology providing.
Bullimore mentioned: “We’re delighted to have obtained funding from GCP. We particularly focused GCP as a associate resulting from their specialism in investing in expertise companies, glorious monitor report of supporting worth creation and the supportive partnership type they provide.
“Nurtur is at a important level of its evolution. Our merchandise ship effectivity, ROI and perception for shoppers, enabling them to develop into knowledge pushed and automatic. We’re extraordinarily enthusiastic about our new improvements that are already driving worth for shoppers. On the similar time, we lengthen a honest thanks to Toscafund, for his or her invaluable assist and partnership through the years, they’ve been an excellent investor and a big contributor to our progress journey.
“We imagine that GCP is the proper investor to assist us by way of this subsequent part of progress, and we’re trying ahead to the partnership.”
The partnership between GCP and Nurtur will assist the enterprise in constructing on its market main place within the UK by deepening its shopper relationships and expertise partnerships whereas investing in innovation and new merchandise, together with its new conversational AI answer and international referral system, based on Matthew Siebert, Toscafund associate and Nurtur NED.
He commented: “Toscafund has been invested in Nurtur and its predecessor since 2015 and has been delighted to assist underpin the expansion of this thrilling software program enterprise during the last 9 years. We’re equally as happy to proceed to assist the subsequent part of progress backed by GCP.
“Damon and the entire crew have constructed a novel suite of services which might be resonating with shoppers from SoHos to enterprise prospects. Because the enterprise enters its subsequent part of progress, by including a brand new specialist investor equivalent to GCP will guarantee a robust footing for Nurtur to maneuver ahead with confidence.”
“Alex Thomson, associate, GCP, added: “We now have been following Nurtur for a number of years because the enterprise has invested in its product suite, delivered worth for shoppers and grown the crew.”
He continued: “They’ve constructed an industry-leading platform serving a clearly outlined market with deeply embedded expertise and a formidable monitor report of progress. We stay up for supporting the crew as they scale the enterprise by way of the subsequent stage of its evolution.”
GCP mentioned the funding in Nurtur aligns completely with its technique of backing formidable technology-led companies delivering worth for finish shoppers by way of automation, knowledge perception and AI.
The funding is predicted to finish in July 2025 and represents GCP’s 11th funding partnership of Fund V.
What’s subsequent? Nurtur unveils long-term progress technique after Guild and High-quality & Nation sale
