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Matching website for house sharers seeks £1.3m from investors

IdealFlatmate has launched the bid on crowdfunding platform Seedrs and claims to help tenants, landlords and letting agents find 'matched' tenants.

Nigel Lewis

seedrs

Ideal Flatmate, a proptech platform that claims to enable the UK’s three million house sharers to find compatible people to live with has launched a bit to raise £1.3 million through crowd funding site Seedrs.

According to co-founders Rob Imonikhe and Tom Gatzen (pictured above, LtoR), the site also helps lettings agents, landlords and build-to-rent developers find matched tenants.

The pair claim demographic changes mean many more people are now house or flat sharing and doing it much later into their lives.

“Until now the process of finding someone to live with has been completely broken,” says Gatzen.

Since launching two years ago, the company says it has listed 40,000 shared properties over the past six months and wants to use the cash to be the ‘biggest flat sharing platform in the country’, launch an app and build a digital tenancy capability.

Ideal Flatmate says it makes money from charging landlords, letting agents and BTR developers to use its service, although it is free to use for tenants.

The company has so far raised £989,570 of the £1.3 million it’s seeking, although £950,008 of that is from a single but anonymous investor who is likely to be an existing backer of the company. It has also received £24,564 from Seedrs, but the remaining 58 investors are all private individuals.

Ideal Flatmate matches tenants by using research completed for it by Cambridge University’s Department of Psychology which identified the common features of happy flat shares, which it has turned into a ‘matching quiz’.

September 24, 2019

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