Cardiff-based proptech startup Openmoove has raised £700,000 in equity funding. The company plans to use the capital to scale its B2B platform and expand its presence across the UK property market.
The round was led by Development Bank of Wales, which invested £350,000 through its Wales Technology Fund. Early-stage venture firm HAATCH contributed £335,000. In addition, several Welsh angel investors participated in the round.
As a result of the funding, the company expects to create six new roles in Cardiff as it builds its team.
Founded in 2024, Openmoove has spent over a year developing and testing its platform with early users. The company reports initial traction from estate agencies and conveyancing firms.
The platform is designed for estate agents, conveyancers, and mortgage brokers. It connects with existing internal systems, allowing professionals to manage transactions through a shared workflow.
Instead of introducing new tools, the platform integrates with current processes. Therefore, users can continue working within familiar systems while accessing a unified communication layer.
This approach aims to reduce administrative work and improve coordination between stakeholders. In turn, it may simplify parts of the home-moving process, which often involves multiple parties and delays.
Openmoove was founded by Ross McKenzie and Cai Gwinnutt.
McKenzie previously held roles at Purplebricks and Countrywide. He later founded an estate agency, which he exited in 2025.
Gwinnutt brings experience in engineering and product development. His previous roles include positions at Amplyfi and the Cyber Innovation Hub.
The founders state that the platform was developed in collaboration with industry professionals. As a result, it focuses on improving existing workflows rather than replacing them.
According to the Development Bank of Wales, the company has shown early signs of market validation. This includes product development progress and initial commercial interest.
The investment is expected to support Openmoove’s expansion from Cardiff. It will also help strengthen its product offering and operational capacity.
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