Google-backed AI-focused proptech startup secures £1.5m seed funding

A London-based property management software startup which has previously received investment from Google has secured £1.5m in seed funding.

AI-focused proptech askporter has closed the round which saw participation from strategic investors and Silicon Valley VCs including Plug and Play, Venture University, Pi Labs, WISAG FM and Henley Investments.

askporter is a digital platform that harnesses AI with the aim of simplifying the process of property management. The firm’s digital assistant ‘Porter’ can be accessed 24/7, supporting with tasks including arranging viewings, inspections, resolving issues and chasing rental arrears.

Commenting on the news, askporter’s CEO Tom Shrive said: “Our success raising £1.5m investment reflects wider changes sweeping the property industry.

“Looking to the future, well-run properties will largely be managed by an AI assistant that has all the context of an actual manager and complete data transparency, freeing them up to focus on delivering value-added, human-touch experience to occupants.”

Justin Meissel, chief investment officer of Henley Investments, added: “The property management sector is inefficient and ripe for disruption. Even the best managers are saddled with repetitive tasks that can be driven by an AI solution.

“askporter has assembled a top tier team, and their initial traction with key management companies is evidence that their innovative tech is transformative.

“Our Henley Ventures business is pleased to be investing alongside Google and other top venture investors in backing askporter to continue its growth.”

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