Property Sense secures funding to ‘truly scale’

A Stockport-based lettings technology business is set to expand its reach nationwide after securing fresh investment.

Property Sense has raised £1 million through a successful Series A crowdfunding campaign and is now extending the round by a further £1 million due to oversubscription and interest from early-stage venture capital investors.

Bosses say the £2 million raise will be used to enhance the company’s proprietary platform, which streamlines residential lease-up operations and connects residents, operators and agents through a self-serve system. 

They add that the technology is already gaining strong traction in the build-to-rent sector, with plans now in place to roll it out across the co-living, single-family home and student accommodation markets.

Mike Haywood, chief executive of Property Sense, which has already grown its footprint across the Midlands, London, Wales and Scotland in the past year, said: “Securing £2 million in growth capital gives us the momentum to truly scale – not only enhancing our technology, but rolling it out on a national level.  

“It’s incredible to see how far the business has come in such a short space of time. 

“We took a bold step early on by pivoting into a highly specialist PropTech space, but we knew our technology had the potential to completely revolutionise the way lettings work in the UK, particularly during the critical lease-up and construction phases of developments.  

“To have both early-stage VCTs and high-net-worth-individuals (HNWI), as well as a crowd of public investors backing that vision is a huge validation of everything we’ve built so far, as well as where we’re heading.” 

Want your business, product or service to be seen regionally and nationally? Bdaily helps you get your story in front of the right audience, every day. Find out how Bdaily can help →

Join more than 55,000 subscribers by signing up to our daily bulletin each morning here.