London estate agency LiFE Residential has launched LiFE Ventures, a new investment arm of the business to support early stage start-ups in the property sector.
It acts as a micro fund, offering seed investment and an incubator programme to early stage start-ups, concentrating mainly on PropTech. Its most recent investment has been to KeyNest, a start-up set on eliminating the hassle caused by collecting and depositing keys.
KeyNest, says LiFE Ventures, solves the pain point of time-wasting and insecure key handovers between different user groups such as host and guest, agent and tenant or contractor, busy residents, and cleaners. Keys can be dropped in partner locations, then securely picked up by with a single-use code.
KeyNest launched in June 2016 with 10 partner locations in London and already has over 100 locations across the country. “KeyNest has already proven its huge value-add to serviced apartment operators. We are investing because key management and key exchanges sometimes can be challenging for estate agents – something KeyNest can finally solve. We are confident that lost keys and expensive key exchange processes will be a thing of the past thanks to KeyNest,” said Jonathan Werth, MD at LiFE Residential.