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§ Private Profile · London, United Kingdom
Property technology company operating a blockchain network for UK property transactions, focused on risk management and compliance.
Based in London, Coadjute is a property technology company that operates an open blockchain-based network designed to connect various parties involved in real estate transactions. The platform focuses on modernizing the United Kingdom's residential home buying and selling process by improving risk management, ensuring regulatory compliance, and combating money laundering. Operating with a workforce of 45 employees, the enterprise generates revenue through its specialized transaction network services. The technology company has secured financial backing and established strategic partnerships with major institutions and industry stakeholders, including Lloyds Banking Group, Nationwide, NatWest, and Rightmove. Additionally, the network integrates with government bodies such as HM Land Registry to facilitate stronger governance across the property sector. Coadjute was founded in 2018 by a group of industry professionals and is currently led by executives Dan Salmons and John Reynolds.
Coadjute has raised $26.5M across 4 funding rounds.
Coadjute has raised $26.5M in total across 4 funding rounds.
Coadjute has raised $26.5M across 4 funding rounds. Most recently, it raised $12.6M Other Equity in April 2024.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Apr 8, 2024 | $12.6M Venture Round | — | Esther Dijkstra, Henry Jordan, Miguel Sard, Johan Svanstrom | Announced |
| Mar 31, 2023 | $5M Venture Round | David Foreman | Reech Corporations Group | Announced |
| Dec 1, 2021 | $8M Seed Plus | Colin Greene | Collab+Currency, Rocket ONE Capital, The Legaltech Fund | Announced |
| Sep 17, 2019 | $930K Seed | — | — | Announced |
Coadjute has raised $26.5M in total across 4 funding rounds.
Coadjute's investors include Esther Dijkstra, Henry Jordan, Miguel Sard, Johan Svanstrom, David Foreman, Reech Corporations Group, Colin Greene, Collab+Currency, Rocket One Capital, The LegalTech Fund.
Coadjute is a London-based property technology (proptech) company that builds a blockchain-powered digital platform to streamline real estate transactions.[1][2][4][6] It serves estate agents, conveyancers, mortgage brokers, buyers, and sellers by enabling real-time updates, secure messaging, document sharing, identity verification, and compliance tools like AML checks and material information gathering, solving the problem of slow, fragmented property deals plagued by admin delays and manual processes.[1][3][4][5] The platform integrates with existing CRMs and CMSs, cutting transaction times, reducing costs, and empowering agents to focus on sales; early growth includes live network rollout in 2021, venture funding of £9m total, and partnerships like ESTAS sponsorship, with user testimonials highlighting workload reductions since 2024.[2][4][5]
Coadjute emerged in 2018 from a HM Land Registry prototype challenge, where its winning concept envisioned a digital future for UK property markets using blockchain for seamless collaboration.[4] Founders include CEO Dan Salmons, with 25+ years in financial services at firms like NatWest and Barclaycard, driving innovation and rollout, and Chief Product Officer Sanj Bulsara, with 20+ years in tech including enterprise blockchain for HM Land Registry's 'Digital Street'.[4] Pivotal moments: £3m funding in 2020-2021 fueled platform build and industry integrations; July 2021 live launch with the first Kent property transaction; £6m more funding and open-sourcing data standards to spur adoption; headquartered at 73 Watling Street, London, with ~47 employees.[2][4]
Coadjute rides the proptech digitization wave, targeting UK's outdated property market amid rising demands for speed post-pandemic and regulatory pushes like digital identities.[1][4][5] Timing aligns with 2025 real estate disruptions (e.g., competitors like Propy), where blockchain addresses trust and efficiency gaps in £300bn+ annual transactions.[1] Market forces favoring it include government-backed digital land registry initiatives, open banking parallels, and agent pain points from manual processes; it influences the ecosystem by promoting standards, reducing fall-through rates (20-30% industry avg.), and enabling faster, cheaper deals, positioning as a UK leader in collaborative networks.[3][4]
Coadjute is poised for UK market dominance and international expansion, leveraging its live network, funding, and agent tools to capture share in a digitizing sector.[2][4] Trends like AI-driven compliance, tokenized assets, and regulatory mandates for digital transactions will accelerate growth, potentially halving average 12-week deal times. Its influence may evolve into a full-stack proptech backbone, influencing standards and spawning integrations—watch for US/EU rollouts and deeper VC rounds, building on its prototype-to-scale journey to redefine property as "get it done, fast."[5]