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Property licensing tracker proptech firm wins £500,000 investment

GetRentr receives financial backing from London lettings agency, leading City investment firm and several private investors.

Nigel Lewis

A proptech startup that enables letting agents to track PRS licensing regulations and council consultations in England has received £500,000 from several investors including – as we reported earlier this week – lettings firm LiFE Residential.

GetRentr has recently been selected to join an Ordnance Survey and HM Land Registry initiative to support innovation in property data, and has also hooked up with the National Landlords’ Association.

Further deals with ‘major industry players’ are also in the pipeline, says GetRentr.

The £500,000 cash injection into the proptech platform includes funds from investment firm EPIC Private Equity LLP, several private investors as well as LiFE Ventures.

GetRentr says its platform enables agents to manage portfolios across London and further afield even if properties fall within different licensing schemes. It does this by flagging up regulatory and consultation changes and ensuring the properties meet the local required standard.

Only a few years ago GetRentr’s purpose would have been limited, with only a handful of licensing schemes in operation, whereas now over 530 exist within many of the UK’s key urban areas.

“At GetRentr our vision is to raise the standards of rented accommodation through the innovative use of data and technology, whilst also offering letting agents and landlords significant savings and revenue opportunities by automating complex, error-­prone compliance processes,” says CEO Orla Shields (pictured, left).

“Our pioneering data and technology platform delivers transparency, measurable impact and strong stakeholder returns – things which will set us apart in terms of our ability to recruit the best talent, scale the business globally and enjoy sustainable success.”

April 13, 2018

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