Proptech
News focusing on new technological solutions which create efficiencies and cost-savings for estate and letting agents and the wider residential property industry.
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£24.3 million MORE funding for proptech lettings platform
The flow of investment cash into proptech continues after rental platform and tech firm Plentific revealed that it has landed a second major round of funding worth £24.3 million. This, together with earlier funding efforts, takes its total funds raised to nearly £30 million. Plentific is based in London and is a tech-based property management platform for landlords that enables them to manage a property’s repairs and maintenance and keep tenants informed about progress. In 2015 Plentific gained considerable exposure when it partnered with Zoopla to enable the portal to offer its users a ‘find a tradesman’ service. But Plentific’s key aim, like many other proptech platforms in the property management marketplace, is to either persuade landlords to use its platform to cut costs and free up time, or use it instead of a letting agent. “It’s a massive market we operate in with very old systems in place,” says co-founder and CEO Cem Savas, pictured, above. “There are long-standing structural barriers that housing companies have to overcome in order to deliver a good tenant experience. “By digitising the supply chain we’re creating a larger, more dynamic market of locally-available tradespeople and removing unnecessary manual processes, significantly improving the tenant…
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New online club plans to revolutionise networking within the property industry
The Eighth Door app will connect agents, developers and other professionals and hopes to be a property-specific alternative to LinkedIn.
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Property people take their place at UK’s ‘tech top table’
James Dearsley and Russell Quirk and several others join Richard Branson, Mary Portas and Stephen Fry in the annual list of those with the most clout in tech.
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Is this the UK’s most successful proptech platform?
Proptech has many stars but relatively unknown firm GuestReady has revealed that it now has over £900 million in property assets under management within 14 cities including London.
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Lavanda raises $5m investment to legitimise Airbnb-style rentals
Lavanda, a technology platform enabling institutional real estate portfolios to profit legitimately from Airbnb-style homestays and homesharing, has secured a $5 million Series-A round led by Henley Ventures.
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Resale property investment platform helps raise £60m to buy ‘thousands’ of homes
The march of City cash into the private rental market has taken a step forward after IMMO, a start-up that buys properties directly off vendors on behalf of institutional investors, was yesterday given a staggering £10 million by half a dozen venture capital funds, and has so far helped attract house buying funds worth £60 million. Talis, one of the funds, says IMMO has the potential to become a global ‘mega brand’ by using technology to ‘unlock the opportunity’ for institutional investors in the resales market. To date, City cash has steered clear of the market served by estate agents because of the difficulties of acquiring properties quickly and cheaply. IMMO, which operates in the UK and Germany, is to buy thousands of houses direct from private vendors and then refurbish them for upmarket tenants in areas that are ‘safe neighbourhoods with great transport’. Buy houses The proptech company claims that its tech platform enables it to source, appraise and buy houses and apartments digitally. IMMO’s new money has come from a variety of European property and tech investors and is to be spent on accelerating growth. The company was launched two years ago by Hans-Christian Zappel (above, fourth from…
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Exclusive: Reapit CEO explains why he’s spent millions developing a proptech ‘App Store’ for agents
Gary Barker talks about Reapit's gamble to throw open the firm's doors to all its competitors and what the initiative will offer estate agents.
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Move with Us partners with View My Chain
Move with Us, part of the Simplify group and a leading property sales asset manager has a new partnership with View My Chain. View My Chain, launched in 2017 is a data automated sales progression tool that enables agents, conveyancers and consumers to track a property chain from SSTC to Completion. The platform provides whole of market visibility on tracking the key progress milestones that otherwise agents collect manually by chasing parties up and down the chain. We seek ways to innovate the valuation and sales process through investment in data and technology. Users can also access the sales progression data as an integrated solution, removing the need for teams to adopt its software. As the data is fed from proprietary sources a key unique feature is that it does not require adoption from conveyancers, mortgage lenders or connecting agents. Move with Us will initially use the software and customised data reports in its part exchange and assisted sales team. Ben Greco, Managing Director, Move with Us, says, “We have a history of constantly seeking ways to improve and innovate the valuation and sales process through investment in data and technology. With multiple parties involved, and often many links…
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It’s a wrap! Meet the proptech making a meal of apartment developments
An app that enables block managers to book street food vendors to visit their sites and claims to generate revenues of up to £90,000 a year has launched.
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Residently: it’s like a portal but er, better
Residently, a UK startup building a global rental platform, has secured £7m seed investment to help fund its growth.
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