COHO secures 275k in pre-seed funding from the MEIF to expand its team and develop new platform features.
The pre-seed round was backed by the MEIF Proof of Concept and Early Stage Fund alongside private investors to support team expansion and product development.
COHO operates a digital property management platform designed specifically for houses of multiple occupation. The software connects landlords with tenants seeking shared living arrangements.
Worcester-based property management platform COHO has secured £275k in a pre-seed funding round backed by the MEIF Proof of Concept and Early Stage Fund alongside private investors. The capital will enable the firm to expand its team with five new hires and roll out product enhancements for its shared living platform.
Launched in 2021 by Vann Vogstad and Liam Cooper, COHO provides administrative tools for landlords and lets tenants discover shared housing options. The company has experienced steady traction, signing up over 80 landlords and lettings agents managing thousands of rooms. The latest injection of funds is intended to accelerate platform development and support the company's broader expansion strategy.
From the founder
"Co-living offers a positive lifestyle choice for many people living alone or struggling to afford their own home. By making house sharing easier to manage for both landlords and tenants, COHO aims to bring it to the mainstream. The support of our investors will enable us to move forward at a much faster pace to achieve our ambition of making shared living more accessible to both property investors and tenants, and become the Airbnb of house shares."
Vann Vogstad
CEO at COHO
Investor perspective
"The property management sector is ripe for innovation with many landlords, in particular those with HMOs, having to patch together multiple management tools. COHO offers a one-stop shop for property management. Vann and the team have carved out a strong niche in the HMO market and have plans for some exciting additions to the product roadmap. The investment will help bring forward these new features, build the team and enhance the sales and marketing activity. It has been a pleasure working with Vann and the team over recent months and I look forward to supporting the business over the coming years."
Kiran Mehta
Investment Manager, Mercia
Use of funds
- 01Grow the team
- 02Continue product development