General Catalyst led the equity portion of the £69m investment, which also features a debt facility from Trinity Capital.
"We have crossed 10,000 properties under management, placing Dwelly among the UK’s top 15 largest letting agencies in less than 2 years – an unseen speed of growth for letting agencies. Our vision is to build an end-to-end platform evolving into a fully transactional rental marketplace with a robust fintech layer for rent collection and ancillary products."
The investment was led by BGF to accelerate product development and international growth.
"Our mission is simple: give mid-market organisations an integrated platform that works the way their business works – without the complexity, hidden costs or bolt-ons that often come through alternative providers. BGF’s backing helps us move faster, while staying true to the customer-first philosophy that sets us apart."
The artificial intelligence software platform has increased its credit facility to accelerate its buy and build strategy across Europe and North America.
"i80 Group has been a great partner, and this expansion reflects the performanceof our portfolio and the trust built between our teams,"
Hudson Cove led the financing package, which comprises $75m in debt and $5m in equity.
"Having the right backer at the right time can fundamentally change someone's life and the trajectory of the business they've started. This funding round lets us scale payment-linked financing that repays at source and reaches more business owners who are too often overlooked by traditional lenders."
BGF backs mobile identity specialist TMT ID in its first institutional funding round to support international growth.
"We are delighted to announce BGF’s investment in TMT ID. At a time when fraud and digital threats are escalating worldwide, the ability to verify users, detect risk, and protect customers has never been more critical. TMT ID’s mobile identity and number intelligence solutions deliver real-time insights that allow enterprises to build trust, prevent fraud and optimise decision-making."
