Residently raises £7 million
Residently, the UK-based proptech startup building a “global rental brand,” has raised £7 million from Felix Capital, LocalGlobe and A/O PropTech, along with a number of the startup’s existing angel investors.
Founded in 2017 by Tom Allason, and live in London and New York, Residently allows renters to search for properties, arrange viewings, take virtual tours, fill in forms, pay deposits and submit reference checks all through their phone. The startup also goes beyond the traditional real estate broker services by offering services that “today’s renters expect,” like moving, storage, furniture rental, cleaning and digital locks, all of which can be managed via the Residently app.
For landlords, Residently offers a property management service that takes care of all viewings, paperwork, property maintenance and renewals without any hidden fees.
“We are building the global rental brand by using tech to offer flexibility and smart services to renters. We put them first because by improving the experience for renters, we positively disrupt the economic model for property investors and owners – enabling them to maximize their yield with minimum hassle.” – Tom Allason, founder and CEO of Residently.
“There’s a gap in the market for a property agent that truly cares about renters and landlords. 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.” – Antoine Nussenbaum, Partner at Felix Capital.
“We have a history of backing ambitious founders and companies that offer truly disruptive, exciting tech and we’re proud to welcome Tom and Residently to the portfolio. It’s time the industry had a startup that understands what renters and landlords need and we’re delighted to be working with Tom to help fund his global expansion and add to the fantastic team.” – Remus Brett, Partner at LocalGlobe.
“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, digitized 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.” – Gregory Dewerpe, Partner at A/O PropTech.
Bottom Line: Your next insurance partner.
