OnthemarketBlog YouTube @property1 @onthemarketblog

The online estate agent backed by Sir Stelios Haji-Iaonnou  [pictured], the easyJet founder, is to raise nearly £15m from a top City investor in a deal that will take the company's value through the £100m milestone. Toscafund , which has made a string of successful investments in innovative consumer-facing companies such as esure, the motor insurer, is investing about £14m in return for a stake of roughly 15% in easyProperty. The deal, which will provide easyProperty with significant firepower to invest in marketing and expanding its services, is expected to be announced later this week, according to people close to the situation. It will come at a time of growing consumer demand for and investor interest in the online estate agency sector, with rival Purplebricks last week announcing a stock market flotation valuing it at close to £250m. Toscafund, which is run by Martin Hughes ,[pictured above] a respected City figure,one of the UK's richest hedge fund m...