Residently collects £7m in funding to support growth in UK and US

Residently, a property marketplace, has collected £7m in funding to support the company’s growth in London and New York.

Capital was supplied by Felix Capital, LocalGlobe and A/O PropTech, and several of the company’s existing angel investors.

Proceeds are earmarked for growing the engineering and product teams, building its rental portfolio in London and New York, and adding additionally services.

The platform enables renters to search for properties, arrange viewings, take virtual tours, fill in forms, pay deposits, and submit reference checks via their phone. Residently guarantees broadband is set up before moving in, flexible move-in dates, and utility setup.

Alongside this, the company offers services such as moving, storage, furniture rental, cleaning and digital locks

Landlords can also use Residently. Property management tools help owners track viewings, paperwork, property maintenance, and renewals.

A/O PropTech partner Gregory Dewerpe said, “We back fearless entrepreneurs with the ambition and the vision to re-shape the future of real estate. Tom is exactly that, aiming to disrupt the most important part of one person’s journey, from every walk of life.

“Residently is creating a brand and a new market, helping both tenants and landlords converge towards a seamless, digitised and more transparent journey, creating a new need for a powerful ecosystem and platform. We are thrilled to be part of this journey as an investor and a strategic partner.”

Copyright © 2019 FinTech Global

Enjoying the stories?

Subscribe to our daily FinTech newsletter and get the latest industry news & research


The following investor(s) were tagged in this article.