PropMedia secures £750k seed investment from Mercia to enhance rental technology and subscriber base.
The funding comes from Mercia and the MEIF Proof of Concept and Early Stage Fund to prepare for a Series A round.
PropMedia trades as lettingaproperty.com, offering an online platform that assists landlords with tenant finding, referencing, rent protection, and compliance services.
PropMedia, operating as lettingaproperty.com, has secured £750k in a seed investment round backed by Mercia and the MEIF Proof of Concept and Early Stage Fund. The company intends to direct the capital toward technology enhancements and subscriber acquisition ahead of a planned Series A raise. Based in Warwickshire, the firm provides digital property management services and plans to generate approximately 15 new roles over the next year and a half following this injection of funds.
From the founder
"Our ambitious vision started back in 2008 and is gathering real momentum, supported by this investment plus key board appointments. We are excited about our future growth potential and the opportunity to disrupt the traditional high street lettings model. We aim to make renting out your property long-term as easy as filling your holiday let on Airbnb, and become the go-to choice when renting out property."
Jonathan Daines
CEO at PropMedia
Use of funds
- 01Continue product development
- 02Grow the team
