Residently, a London, UK-based global rental platform, secured £7m in seed funding.
Backers included Felix Capital, LocalGlobe and A/O PropTech, as well as existing angel investors.
The company intends to use the funds to
- grow engineering and product teams,
- support building the rental portfolio in London and New York, and
- add extra services to the Living platform.
Led by Tom Allason, Founder and CEO, Residently provides a platform which 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 company guarantees broadband is set up before arrival, offers flexible move in dates, and sets up utilities. Residently also offers services like moving, storage, furniture rental, cleaning and digital locks, all of which they can manage via their app.
For landlords, the company offers a property management service that takes care of all viewings, paperwork, property maintenance and renewals without any hidden fees. As part of its marketing package, Residently will individually style and furnish every property to allow potential renters to visualise exactly how their home could look.
From September, landlords can use the full service, including all marketing for zero commission, for six months.