Online lettings platform Goodlord raises £7.2m in extra funding

first_imgOnline rental viewings and digital tenancy processing platform Goodlord says it has signed up 300 agents, transacted over 50,000 tenancies worth £200m since launching in August last year, and that is has raised an extra £7.2 million in funding.Goodlord also says it has signed up several big names including Strutt & Parker, Remax and London-based LiFe Residential, as well as 121,240 tenants and landlords.The three-year-old company, which spent two years in incubation and preparation before coming to market, raised the extra cash from several sources including Californian venture capital fund Ribbit Capital and two existing investors.The extra cash will be spent on expanding its headcount and Goodlord expects to have 117 employees by June this year, up from 11 last year.“This funding will allow us to move to the next stage in our plan to revolutionise the way that rental property lettings are done, taking away the pain for both landlords and tenants,” says Chief Executive Richard White (pictured, below).The company received £2m of start-up cash in May 2016 from German venture capital firm Global Founders Partners, one of the contributors to its latest round of funding.Goodlord’s platform and smartphone app is one way for agents to digitally outsource the management of the tenancy process onto one platform and make it “quicker and hassle-free” for agents and tenants.This includes tenant finding, referencing, deposit collection and rent collection. Goodlord also claims that its platform saves agents between 50% and 75% of their administration costs.“Generation Rent has been getting a raw deal up to now,” says Richard White.“Not only are they priced out of buying a home, they are often having to deal with slow, shoddy service when they try to rent a place.“More and more people will be renting their homes for longer. They want to see quick, professional and efficient service from both agents and landlords. Goodlord can provide this in a way that is familiar to a generation that expects to complete purchases, order take-aways and hail a taxi using their phone in seconds.”goodlord Goodlord funding proptech Richard White Richard White Goodlord tenancy app tenancy processing app March 15, 2017Nigel LewisWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles Letting agent fined £11,500 over unlicenced rent-to-rent HMO3rd May 2021 BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021 Home » News » Online lettings platform Goodlord raises £7.2m in extra funding previous nextProducts & ServicesOnline lettings platform Goodlord raises £7.2m in extra fundingProptech firm says it also signed up 300+ agents including Strutt & Parker and Remax.Nigel Lewis15th March 201701,206 Viewslast_img read more