Menu visibility control

Video

Events

Startup Surgery

Most Recent

News

Top tech stats: Virgin’s business predictions, developers have their say and more

FinTech

London FinTech Aire raises $5m Series A from Sunstone Capital and White Star Capital

Sponsored

Tech Chats: EY’s Daniel Lyons on how tech is revolutionising transport

Press Releases

GreenKey Technologies and Red Box Recorders partner to launch integrated trading voice collaboration and compliance recording solution
Leading light in British HealthTech, Network Locum, rebrands to Lantum
SteelEye announces regulatory tech specialist Matt Smith as CEO

UK PropTech startup Lavanda raises £1m

guy westlake final
twitterlinkedinFacebookgoogle_plustwitterlinkedinFacebookgoogle_plus

UK PropTech platform Lavanda has closed a £1m Angel round from backers including Kenny Bruce, the founder and CEO of Purplebricks.

Other investors included Sir Terry Leahy, the former CEO of Tesco; Harry Hill, the founder of Rightmove; Bill Currie, the founder of VC firm William Currie Group; and Anthony Nutt, fund manager at Jupiter Asset Management.

Lavanda will use the cash to expand its B2B offering for estate agents and property managers.

Could PropTech change the face of commercial real estate forever?

Lavanda’s co-founder Guy Westlake spoke about the raise: “Shorter-term rentals and the sharing economy are shaping the future of the residential property sector. This is a seismic shift, yet the industry is proving slow to adapt. Our platform now provides estate agents and property managers with an immediate means of tapping into this growing market.”

Bruce explained why he decided to invest in the PropTech startup: “Lavanda’s innovative proposition to tenants, landlords and estate agents creates genuine value for all constituents.

“By tapping into the changing way people are living and working, this business has the potential to develop into a major player within the residential market. I’m delighted to be involved at this exciting time for the company.”

Hill, who has been appointed chairman of Lavanda, added: “With a first-mover advantage and proven demand for our service, we’re confident that we can maintain our strong growth trajectory and create significant new value for our clients and industry partners. I look forward to working closely with the founders, the management team and our investors, and thank them all for their ongoing support. Exciting times are ahead.”

Enter your email address to receive updates straight to your inbox

* indicates required
Send me news on...
twitterlinkedinFacebookgoogle_plustwitterlinkedinFacebookgoogle_plus

Editor's picks

startup tech laptop

Top tech stats: Virgin’s business predictions, developers have their say and more
posted on July 22, 2017

Aire Team picture June 2017_9

London FinTech Aire raises $5m Series A from Sunstone Capital and White Star Capital
posted on July 21, 2017

Tech Chats June - digital mobility

Tech Chats: EY’s Daniel Lyons on how tech is revolutionising transport
posted on July 21, 2017

mobile phone

London machine learning startup Sportr closes $350k Seed round
posted on July 21, 2017

The Week in Tech

A $170m tech fund, a drowning robot and more in The Week in Tech
posted on July 21, 2017

Graphcore founders Nigel Toon CEO (right) & Simon Knowles CTO (left)

Bristol-based Graphcore raises $30m from backers including DeepMind co-founder and Atomico
posted on July 20, 2017