Series C30 March 2022

Goodlord raises £27m in Series C funding led by Highland Europe for expansion and acquisitions

The funding round was led by Highland Europe alongside participation from Columbia Lake Partners, Finch Capital, Latitude, and Oxx.

£27.0MSeries C

Goodlord provides a cloud based property technology platform that digitises the renting process for agents, landlords, and tenants. The company supports over 1 million households and processes billions in annual payments across the UK.

Goodlord has secured £27m in a Series C funding round led by Highland Europe, with participation from Columbia Lake Partners, Finch Capital, Latitude, and Oxx. The capital will be deployed to accelerate product expansion and pursue strategic acquisitions in the UK and international markets.

The London based proptech company has experienced rapid expansion, doubling its revenue through 2021 while supporting over a million tenants and landlords. Alongside the equity investment, Columbia Lake Partners has committed an additional £12m in growth debt.

The proceeds will also fund an expansion of the engineering team and the launch of a new technology academy to support entry level developers. Laurence Garrett of Highland Europe will join the company board following the transaction.

From the founder

"As we continue on our mission to build the best rental experience in the world, bringing Highland Europe and Columbia Lake Partners on board as investors is fantastic news for Goodlord and the rental sector. About one in five people in the UK now live in the private rented sector, supported by millions more private landlords and lettings professionals, making our mission just as important today as it was when Goodlord began."

William Reeve

CEO at Goodlord

Investor perspective

"Renting a property was once a complex, stressful transaction mired in paperwork and obscure fees for all parties. Goodlord’s software has completely transformed the experience, simplifying and streamlining each transaction and reducing the time taken to agree a rental to minutes, rather than weeks. With the private rental market projected to continue to grow, Goodlord’s software has the potential to improve the lives of millions of people."

Laurence Garrett

Partner, Highland Europe