Coadjute is a real estate blockchain startup. The startup is based in London and aims to grow its property network on the blockchain by making property transactions better for everyone. The platform abstracts the operation of systems already in use to enable equitable access to information among real estate agents, brokers, lenders and property buyers among other stakeholders. Since the platform offers real-time information sharing over a secure network, no additional CRMs(Customer Relationship Managements) are required to achieve one view across property transactions. To close more deals and open up new opportunities, Coadjute is improving the property transaction process on each end while providing a better, faster and transparent experience for users.
To expand its network across the property market, coadjute has raised $4.95 million in a fundraising event led by the Manchester-based Praetura Ventures and garnered participation from investors including Reech Corporations Group. According to David Foreman, a managing partner at Praetura Ventures, Coadjute is keen on collaboration with incumbent players an uses its platform to connect all stakeholders involved in property sales, a proposition that is unique and has allowed the platform to achieve success in continuous expansion. Up to date, Coadjute has raised a total of 14 million British pounds including a pre-seed fundraising round of 1 million pounds in 2019 and a seed round of 3 million pounds in 2020. In 2021, Coadjute raised an additional 6 million pounds and has since then been busy gathering new property businesses to join its platform. These property businesses include Talbots Law and Spicerhaart, a sales and property letting agency. The platform has also attracted the interest of mortgage lenders like Kensington.
With emergence of new technologies to truly digitize the property market, Coadjute has been investing in technology that enables smart contracts, real-time sharing of information, digital identities and synchronized settlements. The CEO of Coadjute, Dan Salmons, has said that the recent fundraiser has shown the investors’ confidence in the firm and promised to share exciting developments in the coming year.
To capitalize the property market effectively, Coadjute is leveraging several strategies. These strategies include enabling parties involved in property sales to be able to observe what is happening at every step. Clients are able to access a trusted knowledge source that can be tapped anytime from anywhere while providing live updates. Secondly, the platform makes collaboration with property peers easier as information flows freely leaving involved stakeholders on the same page. Also, users are normally adamant to change, therefore, Coadjute is providing a platform users can change without changing software. The platform’s design philosophy is that it does not replace but rather connects to achieve the most of whatever is in use.
