Home » News » UK proptech firm raises another £1m to disrupt ‘archaic’ referencing

UK proptech firm raises another £1m to disrupt ‘archaic’ referencing

Homeppl fundraising round oversubscribed as investors bet on tech bringing huge changes to tenant referencing in UK and beyond.

Nigel Lewis

referencing homeppl

A proptech referencing platform used by several leading estate agencies has raised just over £1 million in additional funding.

The cash raise values Homeppl, which enables agents and landlords to reference check tenants swiftly and securely and weed out fraudsters, at just under £10 million.

It has several high-profile clients including Carter Jonas, JLL, Chestertons, Knight Frank and BTR giant Quintain.

Based in London, Homeppl has claimed in the past that the UK’s referencing system is ‘archaic’ and has promised to disrupt the sector with tech, although it is not the only company to claim this.

The additional seed funding is on top of £1.2 million it raised late last year and around £2 million before that.

Homeppl says the funding round, which was hugely over-subscribed, will help it fund more hires and product development.

This latest round has been led by two established global venture capital investors, Hong Kong based VC ParticleX and Venionaire Ventures, on behalf of European Super Angels Club. The latest capital raise brings the total seed funding to over $5 million.

Alexander Siedes (main pic), CEO and co-founder of Homeppl, said: “This funding provides strong vindication of our proposition and the impact we are having on the market, bringing huge value to tenants, landlords and agents alike. The team at Homeppl are acutely aware of the problems renters and landlords face which is why we are determined to change the way things are done for the better.

“That is exactly what this investment is all about.”

homeppl minglesMingles Tsoi, Chief Experience Officer at ParticleX (pictured, left), adds: “The adoption of PropTech is urgently required to transform the way real estate industry operates and improve work efficiency, while at the same time, creating value and reducing risk.”

Read more about Homeppl.

September 8, 2021

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