This follows Yopa’s revenues growing 73% in 2020, with a 28% rise in listing growth a contributor to this.

Losses in 2020 came to £6m, down from the £18m posted in 2019, “despite the considerable investment required to grow… in-house mortgage proposition, Scout Financial Services,” says Yopa.

Scout Financial Services, it is reported, has submitted more than 2,000 mortgages worth £230m in lending.

Yopa says that the new investment will be spent on more marketing, staffing, support “in multiple areas of the business” and on Scout Financial Services

Managing director Freddie Cornes says: ““We’re very excited for our future growth plans and to have received further investment from our long-standing investors, demonstrating their ongoing support of our plans for continued growth in 2022 and beyond.

“By focusing on improving marketing efficiency and messaging, our marketing acquisition cost has reduced by 80%. This has allowed us to invest more in marketing activity and central sales teams, which has contributed to record franchisee earnings in 2020 and 2021.

“With record sales performance and market share in 2021, profit and cash flow exceeding expectations, and our exciting win at last week’s Negotiator Awards, we are confident in the future prospects of the business.”