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Lettingaproperty.com expands after welcoming former Purplebricks chief

Matthew Farrow has been appointed as interim finance director to target new investors and oversee future business scaling

Robyn Hall

lettings agency slammed walthamstow lettings

High street ‘disruptor’ lettingaproperty.com has hired Purplebricks’ former finance director Matthew Farrow after it raised £750,000 to drive its plans to become the best lettings platform for landlords and tenants.

As part of the deal Farrow has been appointed as interim finance director to target new investors and oversee future business scaling.

The Warwickshire-based proptech firm secured investment from the MEIF Proof of Concept & Early Stage Fund, which is managed by Mercia and part of the Midlands Engine Investment Fund and Mercia’s EIS funds.

The firm is planning a Series A investment round next year and plans to create 15 jobs in the next 18 months.

Momentum

Founder and chief executive Jonathan Daines says: “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.”

Experience

Mercia venture capital investor Stephen Windsor of Mercia adds: “Jonathan has used his experience in property management to digitally enhance each step of the tenancy journey.

lettingaproperty.com is one of the longest-established rental platforms and is unique in that its technology is backed by an experienced lettings team. The investment will enable the company to scale the business faster and cement its position in the market.”

July 21, 2022

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