Shoreditch property manager raises £5m to shake up rental industry and expand into new offices

Online property management platform Howsy has revealed an investment raise of £5m led by Skybound Capital.

Howsy provides end-to-end property management for UK landlords, from tenant find through to repairs management and renewals.

It combines technology and insurance products to offer a low fixed-fee management cost, with the aim of saving landlords thousands compared to high street lettings agents.

Established in 2016, the company is based in Shoreditch and has doubled since inception. This latest round of funding will allow Howsy to open a new operations centre in Coventry and expand its team.

Howsy’s plans currently include a number of acquisitions to help the company grow.

Founder and CEO of Howsy, Calum Brannan, said: “We’re delighted to close on our largest funding round to date and this really cements our current position as one of the leading Proptech companies in the UK.

“We think that renting should be better for everyone. Landlords and tenants have been underserved in this industry, and we are rapidly shaking it up through great technology and a focus on customer service.”

Howsy’s board includes Nick Hynes and Carl Uminski (co-founders of Somo). It is chaired by Gillian Kent (Former MD of MSN UK and CEO OF PropertyFinder.com, sold to Zoopla).