Artificial intelligence-based property management platform Askporter has won a further £1.5 million in funding from half a dozen venture capitalists.
One of the backers, Woking-based Henley Investments, has used the announcement to claim that the property management sector is ‘inefficient and ripe for disruption’.
Askporter, which still calls itself a start-up despite being three years old, is a proptech company that uses a digital platform including a ‘virtual assistant’ app to help property management teams run buildings more efficiently.
It claims to help “cut costs and reduce the time spent on tedious tasks, all the while providing first-class support to occupants”.
“Our success raising £1.5 million investment reflects wider changes sweeping the property industry,” says AskPorter CEO Tom Shrive (pictured, left).
“Looking to the future, well-run properties will largely be managed by an AI assistant that has all the context of an actual manager and complete data transparency, freeing them up to focus on delivering value-added, human-touch experience to occupants.”
Other companies backing Ask Porter in this latest fund-raising round include Californian investor Plug and Play, London fund Pi Labs, San Francisco seed funding specialist Venture University and German firm WISAG GM.
Justin Meissel of Henley Investments, says: “Askporter has assembled a top tier team, and their initial traction with key management companies is evidence that their innovative tech is transformative.”
Six months ago, the company received an undisclosed but ‘significant sum’ from Google which at the time it said would be used to expand its central London based development team.