Mashroom secures £4m Series A funding from current investors and the Future Fund to accelerate growth
The PropTech startup has closed a Series A round led by current investors and the Future Fund to drive platform enhancements and growth.
Mashroom provides an automated lettings and property management platform that covers the entire rental lifecycle. The company combines digital tools with direct tenant involvement to streamline property transactions.
Mashroom has secured four million pounds in a Series A funding round backed by its existing investors alongside the British Business Bank Future Fund. The capital injection follows the recent commercial launch of the company property platform earlier in the year. The business intends to direct the fresh resources towards accelerating its commercial growth and enhancing its technological capabilities.
Operating as a full-stack residential property platform, Mashroom automates processes from advertising and referencing to rent collection and deposit alternatives. The company generates revenue through financial products including insurance and deposit replacements rather than traditional agency fees, seeking to remove high street intermediaries from the rental market.
Use of funds
- 01Continue product development
- 02Scale operations
