Based out of London, Goodlord is a property technology company with a mission to provide the best-renting experience in the world. This UK company significantly improves the renting process for agents, landlords, and tenants alike, while integrating market-leading products and services at the optimal time for improved conversion rates and profits.
Raised €11.4 million!
Recently, the proptech company has raised £10 million (approx €11.4 million) from investors, including Latitude Ventures, the Series B+ sister fund to LocalGlobe known for backing scaling European success stories such as Transferwise, Zoopla, Monzo, TravelPerk, and SecretEscapes.
Goodlord CEO, William Reeve, comments:
Last year saw hundreds of businesses join Goodlord, and we’re delighted to be starting 2020 by welcoming the investors’ Latitude Ventures and Oxx Capital.
This round was also backed by Finch Capital, leaders in the European fintech space, and welcomed Oxx as a new investor. It’s worth mentioning that Oxx recently raised $133 million (approx €116.5 million) to back Europe’s most promising SaaS companies at Series A and beyond.
Julian Rowe from Latitude Ventures, who is joining the Goodlord board, comments:
By creating software that increases the professionalism of letting agents and reduces the stress of finding and securing a home to rent, Goodlord is supplying an essential service to meet a key need. With more people predicted to be renting than owning by 2039, we’re delighted to back Goodlord on its mission to create the best rental experience in the world. I’m joining a board that has the sector knowledge, experience, and energy to build one of the UK’s most successful property technology companies.”
With this platform, the rental process – from contracts and referencing to payments – can be handled through a straightforward interface, with no need for paper or multiple stakeholders.
Reeve added:
Although the UK rental sector has grown to over 10m households, a deeply flawed process remains the status quo, which is stressful for tenants and time-consuming for agents. Our mission to provide the best rental experience in the world remains as relevant as ever, and, with this new investment, we have the tools we need to achieve it.
This saves significant amounts of time, unlocks new revenue streams, ensures compliance with the evolving legislative landscape, and creates opportunities to offer tenants value-add services, such as insurance.
Aims to transform the rental process!
With this investment, the company is planning to double its client base and expand its suite of products, delivering on their goal to create the world’s best-renting experience for the 10+ million UK households living in the private and social rental sector.
Over the past 12 months, Goodlord has introduced new products and platform updates to help agents and landlords stay compliant following the implementation of Tenant Fee Bans in England and Wales. Goodlord’s co-founder Tom Mundy started the company in 2014 in order to transform the rental process.
Main image picture credits: Goodlord
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