Residently raises £7m and offers landlords free service for six months

first_imgOnline property management and lettings platform Residently has raised £7 million in seed investment as the company expands in London where it has at the same time launched a zero-commission service for landlords during their first six months with the service.It normally charges a 7.5% commission to landlords for its service.The extra cash is in addition to original start-up funding from founder Tom Allason and, late last year, £2.5 million from angel investors.The £7 million will be used to grow the company’s engineering and product teams, grow its rental portfolio and add extra services to its platform.Residently enables tenants to use their smartphone to complete most of the steps needed to rent a home including property searches, arranging viewings, taking virtual tours, filling in forms, paying deposits and passing reference checks.Tenants can also use Residently to arrange removals, storage, furniture rental, cleaning and even ask for digital locks to be brandResidently is unique because it wants to build a ‘global’ brand for tenants who move around the world and want to rent high-quality apartments in city centres.The idea is that they can move from one Residently home to another at the press of a button on their smartphone without having to start from scratch each time.“There’s a gap in the market for a property agent that truly cares about renters and landlords,” says Antoine Nussenbaum, Partner at Felix Capital, one of the four investment firms to provide latest round of funding.“Tom and his team have both the tech, the experience and the passion to disrupt the industry in ways that are long overdue and we’re excited to be working with Residently to create a world leading rental brand and help expand this unique service to even more cities across the globe.”Residently tom allason September 2, 2019Nigel 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 » Agencies & People » Residently raises £7m and offers landlords free service for six months previous nextAgencies & PeopleResidently raises £7m and offers landlords free service for six monthsOnline rental and property management platform gets cash to grow team and expand operations in London and New York.Nigel Lewis2nd September 20190591 Viewslast_img read more

Read More →