Residently raises £4.5m from Love Ventures and existing backers to scale its proptech platform
Love Ventures led the funding round, which will support global expansion for the rental platform.
Residently operates a proptech platform designed to digitise the rental journey for tenants and landlords alike. The company was founded in 2017.
London proptech company Residently has secured £4.5m in funding to support its international expansion plans. The round was led by Love Ventures, with participation from existing backers Felix Capital, LocalGlobe, A/O PropTech, and Seedrs.
Founded in 2017, Residently offers a super app that allows renters to handle viewings, paperwork, utility setups, and moving services in one place. The company aims to eliminate common renting friction points, such as the stress of securing properties well in advance and managing tenancy renewals.
The fresh capital will be deployed to scale operations globally and further develop its digital platform, helping agents and landlords reduce void periods and streamline administrative tasks.
From the founder
"In a world where we can secure a taxi, takeaway or trip away in seconds it is nuts that we tolerate friction and uncertainty where we spend most of our time and money. We’re here to transform the experience and economics of renting. We started by digitising the rental journey, next up is solving the greatest problem with renting. Letting renters secure their next home more than a month in advance will eliminate unnecessary stress and double rent for them and costly voids for landlords. We’re delighted to have Love Ventures join our existing investors for this next stage of the journey."
Tom Allason
Founder at Residently
Investor perspective
"There’s a gap in the market for a property platform that radically transforms renting, that’s also truly aligned with both renters and landlords. Tom and his team have the ambition and understanding to re-shape the customer experience for renters in ways that are long overdue. We’re excited to be working with Residently to help fund their global expansion and create a world leading home brand."
Adrian Love
Partner, Love Ventures
Use of funds
- 01Expand into international markets
Investors
About the company
Residently
Residently develops a proptech platform to digitise the rental experience.