Plentific, the Uber of repair and management, which lets landlords deliver a more transparent, better and digital tenant experience. Besides these, the platform also reduces the overall operational costs across repaid and maintenance services. This is possible as Plentific digitises the whole experience and streamlines manual processes. It also connects landlords with a growing marketplace of independent and approved local tradespeople.
Now, Plentific has announced that it secured $32 million (nearly €29 million) Series B funding. AO Proptech, the largest European proptech venture capital firm led the funding round along with participation from international investment firm Target Global and existing investors including Round Hill Ventures.
The new investment will enable Plentific to accelerate its growth plans and expand into a wider commercial real estate sector in Europe. It is also eyeing to step foot into the US multi-family market in 2020.
Deploys dynamic procurement tech!
Plentific’s dynamic procurement technology lets landlords give smaller trade businesses access to contracts there were only open to large national companies previously. Eventually, this boosts local communities and reduces overall costs via a competitive and diversified supply. Also, this approach provides clients a complete and flexible supply chain solution, huge data advantages, and reduced complexity in transforming operational processes. Thereby, the process of management decision making is made simple.
With this approach, the London-based proptech startup has improved outcomes for housing provers and helps them unlock nearly 25% operational savings. This speeds up the service delivery by five folds and leaves the local communities with economic opportunities.
Massive global opportunity
Founded in 2012 by Cem Savas and Emre Kazan, the proptech startup was mainly focusing on local communities, housing associations, and large-scale professional landlords in the UK and Germany as there is an ever-rising urgency for safe, affordable, and high-quality accommodation in these regions.
Now, the company eyes to expand into wider commercial and professional real estate. The urge of landlords to digitise operations to have transparent, seamless, and cost-efficient platforms have left Plentific with a massive opportunity to grow on a global scale.
Main image picture credits: Plentific
Stay tuned to Silicon Canals for more European technology news.
