Goodlord, which digitises and streamlines the letting process, has raised £7m in a new equity round.
This new round was led by Finch Capital, with participation also coming from Rocket Internet and Global Founders Capital. With this new batch of funding, the company will build new products, grow its customer base and invest into further development of its technology.
Goodlord is a PropTech platform which enables letting agents to streamline the tenancy application process from a single location. Through the platform, users access digital contract generation and signing, and comprehensive referencing, as well as products such as landlord and tenant insurance, utility and media-switching services.
Finch Capital partner Radboud Vlaar said, “The UK rental market is large with over 5.5 million households and has significant opportunity for the digitalisation of processes and transparency. Goodlord’s technology-led offering, its strong momentum and combined with the experience of William and his team is highly compelling to build a sizeable business in this space.”
As part of the transaction, Vlaar will join the company’s board of directors.
Last year, the company picked up a £7.2m Series A investment in a round led by Rocket Internet’s Global Founders Capital fund.
Earlier in the year, Finch Capital co-led the €15m investment into Digital Insurance Group, alongside Zurich Insurance. The company provides a data-driven insurance platform enables its customers to roll out fully customized mobile-first insurance experiences at record speed. DIG works with insurers, banks and brokers.
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