OpenMoove Secures £700k Funding for Prop-Tech Growth, Cardiff 2026

Key Points

• Cardiff-based proptech firm Openmoove has secured £700,000 in equity investment to scale its platform, grow its team, and support rollout across the UK property sector.
• The investment is led by the Development Bank of Wales with £350,000 from its Wales Technology Fund, matched by £335,000 from early-stage venture firm HAATCH and Welsh angel investors.
• Funding will create six jobs in Cardiff in the coming months as the company builds an expert team.
• This marks the second joint investment by HAATCH and the Development Bank of Wales.
• Openmoove was founded by two experienced Welsh entrepreneurs.
• The platform integrates with existing property professionals’ systems, providing a single source of truth and common communication layer without new interfaces.
• Openmoove aims to simplify home-moving processes and improve efficiency for service providers.

Cardiff (Cardiff Daily) April 18, 2026 –A Cardiff-based property technology business, Openmoove, has secured £700,000 in equity investment to scale its platform, expand its team, and accelerate its rollout across the UK property sector.

What Funding Has Openmoove Received and From Whom?

The investment totals £700,000, with £350,000 provided by the Wales Technology Fund managed by the Development Bank of Wales.

This was matched by £335,000 from HAATCH, an early-stage venture firm, alongside contributions from a group of Welsh angel investors. As reported by staff writers at Business News Wales, this deal represents the second time HAATCH and the Development Bank of Wales have invested together in a Welsh business.

The Development Bank of Wales confirmed the details in its announcement, stating the funding comes through its £20 million Wales Technology Seed Fund II, which offers equity investments between £100,000 and £350,000 for Welsh tech businesses or those relocating to Wales at the proof-of-concept stage. Since 2017, the Development Bank has funded over 300 innovative tech ventures with more than £97 million, unlocking an additional £210 million in co-investment.

How Will Openmoove Use the Investment?

Openmoove plans to use the funds to scale its platform, grow its team, and support wider rollout across the UK property sector.

The investment is expected to create six jobs in Cardiff over the coming months, focusing on building a small, expert team to drive the next growth phase.

Property Industry Eye reported that the Cardiff-based firm aims to expand its operations following this equity funding.

Business News Wales detailed that the platform integrates seamlessly with internal systems used by property professionals, establishing a single source of truth and a common communication layer without requiring users to adopt new interfaces.

What Is Openmoove’s Platform and Its Purpose?

Openmoove’s technology targets one of the most stressful and time-consuming aspects of the home-moving journey. As described by Business News Wales, the platform simplifies processes for home movers while enabling service providers to work more efficiently.

It was founded by two experienced Welsh entrepreneurs, though specific names were not detailed in the reports.

Herald.Wales coverage aligns with this, noting the firm’s Cardiff base and its focus on property technology innovation.

The company’s website describes its mission as transforming the property industry by streamlining collaboration and creating a seamless home-moving experience.

Who Are the Key Investors Involved?

The lead investor is the Development Bank of Wales through its Wales Technology Fund. HAATCH provided matching funds, marking their second collaboration with the Development Bank. A group of Welsh angel investors also participated, though individual identities were not specified in the sources.

What Is the Broader Context of This Investment?

This funding fits into the Development Bank of Wales’ ongoing support for tech innovation, with the Wales Technology Seed Fund II backing early-stage firms. Property Industry Eye highlighted the investment as significant for the Welsh proptech sector. Business News Wales quoted a Development Bank spokesperson:

“Our investment from the Wales Technology Fund will help openmoove scale from Cardiff, create new jobs and build on the commercial foundations already in place. It is also encouraging to be investing alongside HAATCH again, demonstrating the value of co-investment in supporting ambitious Welsh businesses with high-growth potential”.

No founder quotes or additional statements from Openmoove executives were included in the available reports from Herald.Wales, Property Industry Eye, Business News Wales, or the Development Bank.

Background of the Development

Openmoove operates in the proptech space, focusing on solutions for the UK property market, which earlier reports valued at £8 trillion. The firm launched to address issues like lack of trust in property transactions, as noted in prior coverage by Legal News Wales.

This £700,000 investment builds on commercial foundations already established in Cardiff, with the Development Bank’s involvement underscoring Wales’ role in fostering tech startups since 2017. The collaboration between institutional and angel investors reflects a pattern seen in previous deals.

Prediction: How This Development Can Affect Property Professionals and Home Movers

This funding enables Openmoove to hire six specialists in Cardiff, potentially increasing local employment in the tech sector. Property professionals may gain from the platform’s integration with their existing systems, which could streamline communication and reduce time on home-moving processes without new software adoption. Home movers might experience simplified transactions as the service rolls out UK-wide, addressing inefficiencies in a key market stage.

The investment could also signal growing proptech momentum in Wales, drawing further capital to similar firms and benefiting regional developers and agents through enhanced tools. For Welsh entrepreneurs, it demonstrates accessible equity funding pathways via bodies like the Development Bank.