Toscafund, the hedge fund that led the round, put forward £14m of the first tranche. "We only wanted £5m but Tosca said, 'We want you to be number one. How much would that take?'" said Mr Ellice. "It's the perfect scenario." The company is currently re-drafting all of its revenue and profit forecasts to reflect the increased investment. "We're in a much stronger position now," claimed Mr Ellice, adding that the company expects to be listing 4,000 to 5,000 properties each month by next year. The company currently ranks below fellow online rivals OpenRent, Rentify and Upad, according to data from Zoopla. easyProperty offers private landlords, housing associations, investors and developers the ability to list and market their properties. In April, the business launched its commercial property division, and now has 2,500 of these properties on the platform. Users pick from a range of services, including advertising on property portals, professional photography, tenancy agreements, accompanied viewings, as well as mortgages, insurance and conveyancing, and pay a single one-off fee with no admin charges or commission. The business has previously raised two rounds of funding through a mixture of venture capital, crowdfunding and private investment. This deal brings the total amount invested to £39.25m, and values the start-up at £100m. Sir Stelios Haji-Iannou, who has backed the business and licences his "easy" brand to it, is an adviser to the business. The investment follows news that industry rival Purplebricks is eyeing a stock market flotation within weeks that could value the online estate agent at up to £250m. The company, which charges a fraction of the sales commission levied by traditional high street estate agents, has told shareholders it is looking to list on the London Stock Exchange later this month. "It's getting more and more difficult for the traditional bricks-and-mortar estate agents," said Mr Ellice. "There are now two of us in the game with a lot of marketing money. We are going to build up this market."
EasyProperty , the online estate agency, has secured £ 39.25 m in its third round of funding in each month . EasyProperty are planning to spend the funds on a couple of acquisitions, marketing and technology. "The company expects to be listing 5,000 to 5,000 properties next year by just three weeks ", said Chief Executive, Rob Ellice . EasyProperty currently ranks below online rivals OpenRent, Rentify and Upad .