RAISING NOW — SEIS/EIS ELIGIBLE

£8.6 billion
burns
every year.

UK property transactions are broken — ~29% fail, averaging 160 days to complete. We've built the operating system to fix it.

View the Opportunity → Investor Portal
£2M
Seed round
£8M
Pre-money valuation
22mo
Runway to profitability
20%
Equity offered
Source: TwentyEA / The Negotiator (2025) — estimated annual cost of failed UK property transactions
HOMEBID LTD · CONFIDENTIAL01
THE PROBLEM

The £8.6 billion crisis nobody's fixing

Every year, UK property transactions waste billions in failed deals, redundant searches, and endless delays. The process hasn't fundamentally changed in 30 years.

£8.6B
Lost annually to failed
transactions & waste
160
Average days from offer
to completion
~29%
Of all property sales
fall through
27
Sequential steps in
traditional process
Sources: TwentyEA (2025), HomeOwners Alliance, The Negotiator, Santander "Fixing the Broken Chain"
HOMEBID LTD · CONFIDENTIAL02
THE SOLUTION

Transaction Management Platform

A single platform replacing the fragmented stack between buyer and completed sale.

What HomeBid Replaces

✕Estate agent CRM systems
✕Solicitor case management tools
✕Compliance & AML platforms
✕Document signing services
✕Payment processors
✕Chain tracking spreadsheets

HomeBid Delivers

✓Complete chain visibility
Real-time status of every linked transaction
✓Pre-verified buyers
ID, funds, mortgage — verified once, trusted everywhere
✓Designed for 60-day completions
Parallel workflows, not sequential delays
✓Blockchain backbone
Immutable audit trail, NFT property passports
HOMEBID LTD · CONFIDENTIAL03
GO-TO-MARKET

Developer-first solves the cold start

Consumer-first PropTech has a 100% failure rate at scale. We go where the volume already is.

Why PropTech Fails

Purplebricks £300M loss
Ignored agents — no professional buy-in
Nested £120M loss
Unit economics never worked
Emoov Collapsed
No supply guarantee
ALL: CONSUMER-FIRST = COLD START = DEATH

HomeBid Approach

Guaranteed volume
COINS integration auto-triggers transactions
Near-zero CAC
Developers bring deals, not marketing spend
92% margins
Developer channel vs 72% retail
Natural expansion
Builder buyers → retail users organically
60%+ of UK's top housebuilders use COINS ERP — our integration solves cold start with day-one volume.
HOMEBID LTD · CONFIDENTIAL04
PLATFORM STATUS

Substantially built, ready for pilot

27
Feature categories
110+
Database models
130+
Route files
180+
Frontend pages
Current Status: Pre-revenue, active pilot discussions with Crest Nicholson. Platform operational, awaiting first commercial deployment.
HOMEBID LTD · CONFIDENTIAL05
MARKET OPPORTUNITY

£379B market,
1.1M annual transactions

~2,500 Active UK developers
~170K New build completions/year
£35B+ Top 50 developer revenue
£1.5-2B Annual sales/marketing spend

Regulatory Tailwinds

MHCLG housing digitisation consultation · 300,000 homes/year government target · NHQB quality codes mandate · Building Safety Act compliance
TAM
SAM
SOM
£54M
£1.74B
£550M
HOMEBID LTD · CONFIDENTIAL06
REVENUE MODEL

Ten revenue engines

Revenue regardless of where conveyancing happens. Three pathways, ten streams.

55%
Developer / COINS
Compliance + sales bridge
92% MARGIN
30%
Transaction Fees
% of property value
72% MARGIN
8%
Financial Services
Mortgage & insurance
88% MARGIN
4%
Professional SaaS
£99–£999/mo per firm
90% MARGIN
3%
API-as-a-Service
PropTech infrastructure
85% MARGIN

Conveyancing Pathway Economics (at £350K property)

PATHWAY A: FULL HOMEBID
£5,690
Revenue per transaction
TARGET: 60% BY YEAR 3
PATHWAY B: EXTERNAL
£1,276
Revenue per transaction
TARGET: 20% BY YEAR 3
PATHWAY C: HYBRID
£4,007
Revenue per transaction
TARGET: 20% BY YEAR 3
HOMEBID LTD · CONFIDENTIAL07
FINANCIAL PROJECTIONS

Conservative path to £12.8M ARR

Honest, defensible projections. No vanity metrics.

£421K
YEAR 1
£2.95M
YEAR 2
£12.8M
YEAR 3
YEAR 1
100 txns
£421K revenue
30/50/20 PATHWAY SPLIT
YEAR 2
500 txns
£2.95M revenue
API + SAAS SCALING
YEAR 3
2,000 txns
£12.8M revenue
60/20/20 PATHWAY SPLIT

Year 3 Revenue Mix

71%
Transaction-linked
14%
API-as-a-Service
7.5%
SaaS subscriptions
7.5%
Data, COINS, premium
HOMEBID LTD · CONFIDENTIAL08
COMPETITIVE LANDSCAPE

Why HomeBid wins

END-TO-END PLATFORM →
← POINT SOLUTION
CONSUMER
PROFESSIONAL
Rightmove
Zoopla
ViewMyChain
Thirdfort
Coadjute
OnTheMarket
HomeBid

Competitive Moats

Only COINS integration
60%+ of top housebuilders. ESB connector built and tested.
End-to-end platform
Every competitor solves one piece. We replace the entire stack.
Data handover gap
No incumbent bridges developer→FM. We become the property's system of record.
MHCLG policy alignment
Active consultation participant. Platform designed for upcoming regulation.
HOMEBID LTD · CONFIDENTIAL09
GOVERNMENT ALIGNMENT

Policy tailwinds driving adoption

MHCLG Consultation Response

HomeBid submitted a comprehensive response to the Home Buying and Selling Reform consultation, identifying six critical policy blockers and proposing concrete solutions.

1Duplicated AML/ID verification
2Physical deed witnessing
3Fragmented local searches
4No binding reservations
5Chain invisibility
6Voluntary upfront information

Regulatory Tailwinds

300,000 homes/yr Active
Government target drives digitisation urgency
NHQB Codes Mandatory
Quality standards favour platform compliance
Building Safety Act In Force
Digital audit trails now required
Open Banking Enabling
Enables instant fund verification
HOMEBID LTD · CONFIDENTIAL10
LEADERSHIP

Domain expertise meets execution

RP
Rob Penman
FOUNDER & CEO
17+ years construction technology COINS ERP specialist — clients include Wates, Crest Nicholson, Octavius Deep domain knowledge of developer sales workflows Adopt AI Grand Palais speaker

Hiring Plan (funded by raise)

Q1 2026
CTO & Head of Product, 2× Full-stack developers
Q2 2026
Head of Sales, 1× Developer
Q3 2026
Customer Success Manager, additional engineering
YEAR 3 TARGET
25–40 FTEs across product, sales, and operations
HOMEBID LTD · CONFIDENTIAL11
ECOSYSTEM STRATEGY

Four channels, compounding growth

Each channel feeds the next — creating a flywheel that accelerates adoption across the entire transaction lifecycle.

CHANNEL 01

Housebuilder Partnerships

ERP integration auto-triggers transaction workflows from build stages. Guaranteed volume from day one with near-zero customer acquisition cost.

92% MARGIN · PRIMARY CHANNEL
CHANNEL 02

Professional Network

Solicitors and estate agents onboard via SaaS subscriptions and marketplace referrals. Each firm brings their entire client portfolio onto the platform.

HIGH RETENTION · RECURRING REVENUE
CHANNEL 03

API Infrastructure

Verification, compliance, and chain tracking APIs sold to the wider PropTech ecosystem. Revenue from platforms that never touch HomeBid directly.

85% MARGIN · STANDALONE REVENUE
CHANNEL 04

Consumer Expansion

New-build buyers introduced via developer channel become repeat users for resale transactions. Organic growth without consumer marketing spend.

ZERO CAC · ORGANIC FLYWHEEL
HOMEBID LTD · CONFIDENTIAL12
THE ASK

£2M Seed Round

£8M
Pre-money valuation
20%
Equity offered
SEIS/EIS
Tax relief eligible
22mo
Runway to profitability

Use of Funds

£800K
Product & Engineering
40% OF RAISE
£600K
Sales & Marketing
30% OF RAISE
£400K
Operations & Compliance
20% OF RAISE
£200K
Working Capital
10% OF RAISE
HOMEBID LTD · CONFIDENTIAL13
INVESTMENT MILESTONES

12-month execution roadmap

Q1 2026
Foundation
Complete seed raise
Hire CTO + engineers
Crest Nicholson pilot live
Q2 2026
Scale
3 developer pilots active
50 transactions processed
Head of Sales onboard
Q3 2026
Expand
10+ developer partnerships
Estate agent partnerships
250 cumulative transactions
Q4 2026
Accelerate
500 transactions achieved
Year 1 revenue target
Retail channel launch

Year 1 Success Metrics

100 transactions
£421K revenue
10+ developer partnerships
<10% fall-through rate target
HOMEBID LTD · CONFIDENTIAL14
HomeBid

Transforming UK Property

From Chaos to Clarity

The end-to-end operating system for property transactions

£2M
Seed Round
22mo
To Profitability
£12.8M
Year 3 ARR Target
Rob Penman
FOUNDER & CEO
[email protected]  ·  home-bid.co.uk  ·  investors.home-bid.co.uk
CONFIDENTIAL — FOR INVESTOR DISCUSSION ONLY