Lyvly, a communal living support platform, has raised $4.6m in Series A round of funding from Mosaic Ventures.
As part of the deal, onefinestay co-founder Greg Marsh will join the Lyvly as chairman and investor.
Lyvly is a PropTech solution designed to aid communal living by building a community amongst the members of the app. The platform provides renters with a single location to manage their payments, such as rent and bills, and help with scheduling repairs and cleaning. Landlords can use Lyvly to find potential renters and a property management solution.
The new batch of equity will be used to scale Lyvly’s operations in London and to grow its product, marketing and sales teams.
Lyvly co-founder and CEO Philip Laney said, “A lot of the housing sector doesn’t care for tenants, and they become more like commodities. Whereas we are creating genuine communities around rental housing that allow people to get a lot more out of their life. We have seen a huge movement towards building communities in almost all industries aside from housing. And we believe community should start at home.
The company has partnered with Loft, Food Envy, and Laundry Republic to help build this community experience.
Last month, it was revealed Mosaic Ventures was looking to raise $150m for its second VC fund, which is $10m more capital than its debut closed on in 2014. The firm has been relatively active within the FinTech space, having most recently led the $7.7m Series A round of identity verification platform Veriff.
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