Seven-figure investment to acquire stake in prop-tech disruptor
Law firm Taylor Rose MW has acquired a stake in Sheffield-based property-tech company SlothMove, to accelerate its growing change of address and home-setup service across the UK.
Founded three years ago, SlothMove has grown to 3,500 active monthly users. The platform enables users to easily change their details across hundreds of businesses, including loyalty programmes, utility providers, council tax, water and many more in one quick, hassle-free process.
The inspiration for SlothMove partly came from co-founder Anna Page, who was tired of the long and bureaucratic process of individually updating local authorities, central government departments and service providers about her new address.
The acquisition marks Taylor Rose’s first non-legal acquisition, as it continues to strengthen its core customer proposition.
The SlothMove team is now ten-strong and will use the seven-figure investment from Taylor Rose MW to develop its technology, help employ 50 additional members of staff, as well as put together further commercial partnerships.
SlothMove CEO, Jack Roberts, said: “Our partnership with Taylor Rose MW marks our next stage of growth in fulfilling our mission to change the way the UK moves, making it as hassle-free as possible.
“Taylor Rose MW’s investment will supercharge our growth, creating new jobs across technology, operations and business development.
“All of this enables us to take the stress out of moving and reduce fraud risk for our rapidly expanding userbase.”
Taylor Rose MW CEO, Adrian Jaggard, said: “Jack, Anna, Dan, and the SlothMove team are highly impressive and are solving a problem that many of our property clients face – using the latest property technology to quickly and easily update our clients’ personal details across a myriad of often disparate services to help save hours of hassle and make moving house a more stress-free and secure process.
“We are highly confident in SlothMove’s future and believe our investment will help propel SlothMove to its next stage of growth, while providing benefits to our market-leading conveyancing teams.”
Angelene Woodland, chief marketing officer at the British Business Bank, added: “As part of Small Business Advice Week in 2020, Piers Linney, then non-executive director at the British Business Bank, recognised the potential in SlothMove and provided them with mentoring and advice.
“We are pleased to see so much progress and growth in the business since then and wish Anna, Jack, and the team every success in the future.”
