Funding of £2 million secured by Stockport PropTech following expansion of fundraising efforts

Property Sense Raises £2m to Revolutionise UK Lettings Market

Property Sense, a PropTech company specialising in build-to-rent (BTR) operations, has successfully secured an additional £1m in funding, bringing the total to £2m. This funding round, which follows a year of strong growth for the company, has been backed by early-stage VCTs, high-net-worth individuals, and a crowd of public investors.

The funds will be used to scale the technology developed by Property Sense and roll it out nationwide. Mike Haywood, CEO of Property Sense, stated, "We took a bold step by pivoting into a specialized PropTech space, and this investment will enable us to expand into new living segments, including co-living, single family homes, and purpose-built student accommodation."

The technology developed by Property Sense has the potential to revolutionise the way lettings work in the UK, particularly during critical lease-up and construction phases of developments. The system, designed to help developers and landlords fill schemes faster during construction and launch phases, aims to provide seamless communication between residents, operators, and agents.

The system developed by Property Sense digitises lease-up operations via a self-serve platform. This platform is planned to be enhanced with CRM and PMS integrations, and accelerated rollout across BTR schemes nationwide. Mike Haywood also mentioned that the funds will be used to expand beyond the regions where Property Sense has already established a presence, including the North West, Yorkshire, Midlands, South East, London, Wales, and Scotland.

The business took a significant step forward when it pivoted into the specialized PropTech space. Founded to streamline lettings through smarter, scalable technology, Property Sense has experienced rapid growth and is poised to make a significant impact on the UK lettings market.

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The funding round, which was initially £1m in July, following the company's launch in April, was extended due to oversubscription and early-stage VC interest. This investment marks an exciting time for Property Sense as it continues to innovate and disrupt the UK lettings market.

Funding of £2 million secured by Stockport PropTech following expansion of fundraising efforts