Proptech student rental app wins £185k funding in 24 hours

A new app that claims to “revolutionise” the way students find and choose homes to rent has raised £185,827 for its proptech developer within 24 hours of launching on a crowdfunding site. SPCE, which describes itself as the Airbnb of student accommodation but within the longer-term rental market, has raised the money via platform Seedrs. The seven-month-old company says it is well on its way to raise the total of £215,000 it has asked for in return for a 17.99% equity in it shared among the 68 people who have invested so far. Landlords and students SPCE says it will bring landlords and students together on one platform and enable them to “rent out or search and pay for university-specific student rental properties based near campuses, without using estate agents” it says. Founder and CEO Leon Ifayemi (pictured, left), says: “I got the idea for SPCE when I was at university and I had a job which involved me taking students to view properties near the campus. “Getting the backing of early investors feels like a ringing endorsement of the app and what we are trying to achieve. It comforts us in the belief that SPCE fills a gap in the…