Property Sense Secures £2M Investment to Expand PropTech Solutions in UK Rental Market
Property Sense, the PropTech-driven lettings specialist, has successfully secured £1M of investment to advance ambitious plans and is now extending the round by a further £1M due to oversubscription and early-stage VC interest.
The Stockport business has closed its £1 million Series A crowdfunding campaign after reaching its target in July.
The combined £2 million funding round marks a major milestone for the fast-growing business, which is on a mission to transform residential lease-up through smarter, scalable technology solutions, primarily aimed at the UK BTR sector.
The capital injection will be used to enhance and expand Property Sense’s proprietary software, which accelerates and streamlines lease-up operations through a self-serve platform, facilitating seamless communication between residents, operators and agents.
Property Sense plans to further develop its tech to include a wide range of dedicated CRM and PMS integrations, before rolling out across schemes nationwide, positioning the business as the central cog of complementary PropTech software within the BTR sector.
The ambitious firm is also eyeing new market segments having truly made its mark in the build-to-rent (BTR) space over the last 12 months. Tailor-made, tech-powered lease-up solutions are also being lined up for the Co-Living, Single Family Home (SFH), and Purpose-Built Student Accommodation (PBSA) segments of the rental living sector.
Mike Haywood, CEO of Property Sense, said: “Securing £2 million in growth capital gives us the momentum to truly scale – not only enhancing our technology, but rolling it out on a national level.
“It’s incredible to see how far the business has come in such a short space of time. We took a bold step early on by pivoting into a highly specialist PropTech space, but we knew our technology had the potential to completely revolutionise the way lettings work in the UK, particularly during the critical lease-up and construction phases of developments.
“To have both early-stage VCTs and high-net-worth-individuals (HNWI), as well as a crowd of public investors backing that vision is a huge validation of everything we’ve built so far, as well as where we’re heading.”
The investment follows a period of sustained growth for Property Sense, which has recently expanded its operations beyond the North West and Yorkshire into the Midlands, South East (London), Wales and Scotland.
