Online lettings platform Goodlord raises £7.2m in extra funding

Online rental viewings and digital tenancy processing platform Goodlord says it has signed up 300 agents, transacted over 50,000 tenancies worth £200m since launching in August last year, and that is has raised an extra £7.2 million in funding. Goodlord also says it has signed up several big names including Strutt & Parker, Remax and London-based LiFe Residential, as well as 121,240 tenants and landlords. The three-year-old company, which spent two years in incubation and preparation before coming to market, raised the extra cash from several sources including Californian venture capital fund Ribbit Capital and two existing investors. The extra cash will be spent on expanding its headcount and Goodlord expects to have 117 employees by June this year, up from 11 last year. “This funding will allow us to move to the next stage in our plan to revolutionise the way that rental property lettings are done, taking away the pain for both landlords and tenants,” says Chief Executive Richard White (pictured, below). The company received £2m of start-up cash in May 2016 from German venture capital firm Global Founders Partners, one of the contributors to its latest round of funding. Goodlord’s platform and smartphone app is one way for…