The Series C financing was led by Highland Europe and Brookfield Technology Partners to fuel international expansion and product development.
"We had a phenomenal year of growth, more than doubling headcount to almost 200 employees, opening an office in the United States and cementing our position in the UK and German markets. Our next step is to rapidly expand in the US, as well as look to begin operating in new geographies. We have only just scratched the surface of a $2.5 trillion potential market opportunity. We will now be rapidly expanding both our global footprint and the solutions we offer to become the de facto digital partner for landlords and service providers across the world."
The investment round was led by Blackfinch Ventures and will support the company's expansion into a multi-product platform.
"The support that many existing investors and new backers are showing for Edozo’s growth plans underlines their belief in our vision and confidence that our products provide solutions that are essential to the sector."
The oversubscribed round included participation from BGF and Techstart Ventures.
"Over the last year we’ve helped some of the world’s leading companies address the immediate challenges of hybrid working at scale, while also building the foundations for a more data driven approach to real estate strategy and urban planning,"
The seed round was backed by angel investors alongside Founders Factory and IFG.VC.
"The search for the ideal home is no longer reliant on the preconceived notion of location being everything. People’s priorities have shifted to lifestyle needs and the market is not yet accounting for this. Thanks to our unique technology we are flipping the traditional property search process on its head: by considering our users’ budget, commute, and location requirements, we help our users uncover the homes and neighbourhoods that are going to be the right fit for their needs. We are focussed on using the benefits of AI technology and data to push our matchmaking capabilities even further, to help uncover the hidden data that renters and buyers care a lot about."
WoodJC backs London proptech startup Lofti with a seed round aimed at domestic expansion and team growth.
"Since coming to the UK I have been a tenant, home owner, landlord and property developer. This has given me insights into problems within the industry that cause a lot of stress and waste a lot of time and money for all parties. My view is that we need to focus on fundamental needs by creating a community approach where everyone is able to work together to raise standards. This means improving the relationship and communications between homeowners and contractors, and tenants and landlords. By working together we can cut costs, improve satisfaction and give everyone a better deal."
