BubbleStudent, a student property marketplace, has raised over ?430,000 on equity crowd funding platform Seedrs.
The company said it easily exceeded its initial ?400,000 target, with the new funding earmarked to expand its proposition and growth across the UK and internationally. Funds will also be allocated for marketing and development.
Founded by Felix Henderson and Sol Wright in 2016, the app-based property marketplace; designed to help university students effortlessly find and manage their rented accommodation.
Having experienced the fragmented, confusing process of securing a student house first hand, Henderson and Wright set out to take the stress out of renting student property. BubbleStudent virtual property marketplace currently lists over 200,000 student rooms across 20 UK cities, and allows students to view rooms, schedule viewings, and even sign a contract; all from the comfort of their own home.
It also allows lettings agents and landlords to track real-time data on the student property market, providing a competitive insight into a lucrative and fast paced sector, whilst also fostering great relationships with student tenants.
Henderson said, ?The student rental market has long been in need of a drastic change, and were committed to simplifying the entire process for students across the UK; from the first discussion to signing the contract. Were thrilled with the level of investor engagement for our first funding campaign on Seedrs, and we will be using the funds to continue our expansion across the UK and beyond.p>
Earlier this month, Divvy Homes, a PropTech platform which helps consumers buy a house, secured $30m in a new funding round. Divvy is a homeownership platform that enables renters to build credits while they are renting. A home owner chooses a home, Divvy then purchases the house for them and renters will then live in the home building equity credits, paying down debts and building a steady income to be mortgage-ready within three years.
In the PropTech sector, real estate investing platform Landis Technologies also recently bagged $2m in its seed round led by Signia Venture Partners.
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