Rental platform Movebubble raises £825k for expansion and product development
Property rental platform Movebubble has raised six figures in a crowdfunding campaign on Seedrs.
The Camden-based company secured £824,987 from 400 investors across 24 countries, outstripping its funding target of £800,002.
Movebubble will use the investment to drive expansion in the capital and support its product development programme.
The firm said the funding will enable it to meet unprecedented growth that has arisen due to house price rises causing a rental boom, particularly in London.
Movebubble is aiming to make renting better. Its app connects renters with agents and large developer landlords to ensure a hassle-free process of finding the right property.
Aidan Rushby, co-founder and CEO of Movebubble, said: “Movebubble was created with the renter in mind in the hope of addressing some of the major inefficiencies that persist within the sector.
“With the UK rental market booming at an unprecedented rate, we are confident Movebubble can tap into a huge potential market and be instrumental in creating the next generation property platform.”
He continued: “We are delighted by the response we’ve received to our first crowdfunding campaign and look forward to welcoming this new group of investors, and hopefully advocates and potential renters, on this journey with us.”