PropTech startup Goodlord, which offers cloud-based software to help letting agents, landlords and tenants manage the rental process, has raised £7m in Series B funding.
The round is led by Finch Capital, supported by existing investors, Rocket Internet and Global Founders Capital, and is roughly equal in size to Goodlord’s Series A last year.
Goodlord’s software platform allows letting agents to streamline the tenancy application process in one place and includes digital contract generation and signing, comprehensive referencing, and further products and services such as landlord and tenant insurances, utility and media-switching services.
The new funding will be used to build new products, grow its customer base, and invest in the further development of Goodlord’s proprietary technology to achieve its mission of making renting simple and more transparent for letting agents, tenants and landlords.
William Reeve, CEO of Goodlord, commented: “Renting is one of the world’s oldest markets, but thanks to Goodlord it is now changing rapidly to make the process efficient and more transparent.
“With this new funding we will continue to pioneer a better, simpler and more transparent approach - one tailor-made for Generation Rent.
“We are delighted to have attracted Finch Capital as an investor and have the support from existing investors, Rocket Internet and Global Founders Capital.”