Nimbus has built, and now operates, the largest, most comprehensive database of property intelligence in the UK. The platform holds data on over 25 million freehold and leasehold titles, as well as 900,000 unregistered properties across the UK.
Nimbus is seeking to expand its current user base by tapping into a UK property market estimated to be worth £2.1tn, with investment in the Property Technology sector forecast to grow to £17bn by 2020.
After spending years being frustrated by the long-winded and complex process needed to source high quality intelligence on commercial and residential property, the founders of Nimbus set out to create a platform that could collate multiple datasets from a huge range of sources – creating a one of a kind, property intelligence nexus.
The platform innovatively combines information from over 500 high calibre sources, including the Environment Agency, Companies House, National Grid, and the Office for National Statistics – all displayed on a Google Maps style application.
The offering allows operators in the market (developers, lawyers, agents etc.) to search, view and filter large quantities of information in a short period of time, speeding up the sourcing and due diligence process with the aim to complete more deals in less time, with less risk.
Nimbus is targeting a client base from a wide range of commercial and residential property market participants in the UK, including agents, valuers, developers, lawyers, investors and researchers. By undergoing an aggressive customer acquisition campaign, it is hoped that Nimbus can increase their user figure from 5,500 in 2018 to over 240,000 by 2021 and grow its monthly sales well above the latest figure of £92k in April 2018.
Nimbus is seeking to raise £250,000 in equity, all of which is EIS Eligible. The team predict an estimated 10x ROI by year 3.