Dwelly secures £69m in debt and equity funding led by General Catalyst to expand its rental marketplace.
General Catalyst led the equity portion of the £69m investment, which also features a debt facility from Trinity Capital.
Dwelly is a property services firm that acquires British letting agencies and integrates artificial intelligence to manage their daily operations.
Dwelly has secured £69m in a combined debt and equity financing round to accelerate its acquisition strategy across the UK. General Catalyst led the equity portion of the raise, which totaled £32m, with additional backing from Begin Capital and S16VC. Trinity Capital provided a separate £37m debt facility to support the company. The capital will be deployed to drive further mergers and acquisitions within the property management sector.
From the founder
"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."
Ilya Drozdov
Co-founder and CEO at Dwelly
Investor perspective
"Dwelly is transforming one of the UK’s most fragmented and operationally demanding service sectors into a modern, AI-powered system. Their platform converts thousands of analogue, agency-level processes into scalable software, improving tenant experience, landlord economics, and agency efficiency all at once. We believe this combination of deep industry expertise, disciplined execution, and a systems-level AI architecture positions Dwelly to reshape how rental markets operate. It’s exactly the kind of enduring, technology-led transformation General Catalyst is committed to backing."
Zeynep Yavuz
Partner, General Catalyst
Use of funds
- 01Fund acquisitions
