Goodlord raises £27 million

Goodlord, the London-based startup offering a platform for landlords to manage the renting process, has raised £27 million from Highland Europe, Columbia Lake Partners, Finch Capital, Latitude and Oxx. Goodlord will use the investment to accelerate its growth plans, including potential acquisitions in the UK and beyond.

Founded in 2014, 1 million landlords and tenants use Goodlord and it processes over £1 billion in payments annually.

In June, the startup announced a partnership with Legal & General to offer tenants illness and injury insurance specifically designed for renters. It also offers contents & liability insurance and rent protection & legal expenses insurance.

“As we continue on our mission to build the best rental experience in the world, bringing Highland Europe and Columbia Lake Partners on board as investors is fantastic news for Goodlord and the rental sector. About one in five people in the UK now live in the private rented sector, supported by millions more private landlords and lettings professionals, making our mission just as important today as it was when Goodlord began. Thanks to the backing and expertise of Highland Europe and Columbia Lake Partners, we can accelerate the build out of our product through more acquisitions and, ultimately, support even more tenants, landlords, and letting agents.” – William Reeve, CEO of Goodlord.