Goodlord, a London, UK-based rental transaction platform, raised £7.2m in funding.
Backers included Ribbit Capital, and existing investors LocalGlobe and Global Founders Capital.
The company intends to use the funds to improve the technology behind its service, and to double its team, with a focus on hiring more developers, engineers and salespeople.
Led by CEO Richard White, chief executive and co-founder, Goodlord provides a rental transaction platform that allows estate agents to digitize the moving-in process, using e-signatures and online collection of money so that tenants can agree and pay for a letting through a cloud-based app.
The company, which has already processed tenancies worth more than £200 million, sells its cloud-based platform to some of the UK’s biggest estate agencies, including Strutt & Parker, Life Residential and Remax.
By the end of Q2 2017, Goodlord expects to have 117 people, up from just 11 a year earlier.