Plentific raises £72.9m in Series C funding led by Highland Europe and Brookfield Technology Partners to expand internationally
The Series C financing was led by Highland Europe and Brookfield Technology Partners to fuel international expansion and product development.
Share allotment filed at Companies House
Plentific operates a property technology platform that enables landlords across the UK and Germany to deliver repairs and maintenance services. The company was founded in 2013.
London-based proptech company Plentific has secured £72.9m in a Series C funding round to accelerate its international expansion and product development. The investment was led by Highland Europe and Brookfield Technology Partners, with participation from Mubadala Investment Company, RXR Digital Ventures, A/O PropTech, and Target Global.
The fresh capital will be deployed to scale the company presence in the United States and enter new geographical markets. Additionally, Plentific plans to advance its engineering capabilities, integrating Internet of Things and artificial intelligence solutions into its platform to drive efficiency for property managers worldwide.
From the founder
"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."
Cem Savas
CEO and Co-founder at Plentific
Investor perspective
"The Plentific team has built a powerful digital platform with exceptional tenant experience at the core and have become the go-to partner for the world’s most well-respected property owners and service providers. We are impressed with Cem and Emre’s commitment to digitizing the entire property management ecosystem and we are thrilled to join them on the next phase of their journey."
Sam Brooks
Partner, Highland Europe
Use of funds
- 01Expand into international markets
- 02Continue product development
Investors
Sam Brooks
Highland Europe
Josh Raffaelli
Brookfield Technology Partners
Mubadala Investment Company
RXR Digital Ventures
A/O PropTech
Target Global
Categories
About the company
Plentific
Plentific provides a property technology platform for landlords and housing providers.