EweMove founders collect the last of £9m in wake of share sales

March 23, 2019
Share this Post: 

EweMove's founders have apparently collected the rest of its £9 million in a payday expected to be confirmed soon.

The pair who founded EweMove, a UK-based online real estate agency, complete with its jokes, will be having the last laugh.

David Laycock and Glenn Ackroyd founded EweMove in 2014 and then sold it to successful property franchise, The Property Franchise Group in September 2016. 

David had spent years heading up the Customer Services division at Barclays and Glenn had been a property lawyer, spending his days unraveling the mess left behind by high street Estate and Letting Agents.

The business subsequently proved to be loss making for TPFG, while the two founders left the following June, before their final earn-out, which could have been worth another £7 million. The pair have now sold shares that they received as part-payment for the business.

Read more here

Join us in Miami Beach, June 5-7 for the Global Online Marketplaces Summit.

899

March 23, 2019

Subscribe to our mailing list to get the famous, free Friday newsletter!

News and analysis to help build better online marketplace businesses, in your inbox, every Friday

Related News

Prod Roundup 3Jan25
Product and Services Roundup: Idealista, Cian, SeLoger, Boligsiden, Lifull, Bayut

Welcome to the new year. Our first Product Roundup of 2025 starts with a new search filter in Spain...  ...

Read More
Nestaway Complaint 1
Nestaway Co-founder Files Fraud Compliant Against Investors Including Goldman Sachs

Amarendra Sahu, the co-founder of the home rental platform NestAway, has filed a First Information Report (FIR) against his fellow...

Read More
Shutterstock 181374380 2
Nasdaq Once Again Sends FangDD Non-compliance Warning

The Chinese real estate marketplace operator FangDD has once again been warned about its continued non-compliance regarding share prices. FangDD...

Read More
Jpmorgzedited 3
JP Morgan Global Online Classifieds Report 2024: Key Highlights Include REA, Scout24 and Rightmove

JP Morgan released its Global Online Classifieds report in November 2024, with marketplace giants REA Group and Scout24 SE both...

Read More

Editor's Pick