HouzeCheck has confirmed it has new financial backers.  The digital-first surveying portal has secured investment from London-based private equity specialist Beach Equity Investments.

Thought the size of the transaction is commercially sensitive, Beach Equity typically invests £2–10m in SMEs that use technology to reduce costs and streamline processes. Beach prefers to invest in companies based in the UK with revenues between £1m–£30m.

As part of the deal, Tom Billings, a managing partner at Beach Equity, has taken a seat on the HouzeCheck board. Billings has an extensive background in strategy and operations, having previously been a private equity backed managing director, as well as founding partner of BrightStar Capital, a private investment vehicle.

As an investor-operator, he will provide strategic guidance and capital raising support.

Commenting on the deal Billings said: “We like to invest in businesses which use technology to transform industries by improving the customer proposition. That makes HouzeCheck a perfect fit for us. We believe in the concept of a digital-first surveying portal and are looking forward to backing the team and turbocharging its growth.”

HouzeCheck commercial director Richard Sexton (pictured)  said: “The injection of finance will help us to develop our bespoke tech further – ensuring surveyors report accurately and consistently – for example, by offering suggestions linked to their inputs.”