A company that hopes to become the leading platform used by those managing, living in, letting and owning blocks within the built-to-rent or BTR market has turned to the public to raise £1 million.
Manchester-based Property Sense, which describes itself as a ‘middleware’ between residents, letting agents and BTR operators, has already raised £700,00 from ‘seed’ investors since being founded in 2019.
But the company now needs the additional cash to ‘accelerate its adoption and market share, with a focus on doubling its headcount by the end of 2025’ its pitch document says.
The firm’s main attraction to both letting agents, tenants and building operators is that the platform requires little or no human input, making it scaleable across vast BTR portfolios in one go.
The latest raise, knows as a Series A investment round, gives members of the public their first opportunity to invest directly in Property Sense.
“Mike Haywood, CEO of Property Sense (main image), says: “The investment we’ve received so far reinforces the strength of our business model and has accelerated our progress.
“People are recognising an opportunity that directly responds to the UK’s housing crisis, with renters making up a growing share of the population.
Pressure
“With greater pressure on the rental market, we are offering a smarter, scalable solution that eases the burden for operators and tenants through faster, more efficient leasing.
“It also supports ESG priorities by reducing the reliance on traditional, resource-heavy leasing processes.
“We have huge ambitions to keep serving the BTR sector with revolutionary tech solutions that will redefine how leasing and online property reservation works – for developers, leasing agents and tenants alike. We’re confident our next chapter will be a huge success and believe many people will want to back us through the process.”
Property Sense is more than a start-up and has, since it launched its BTR ‘middleware’ six months ago, already handled the leasing of some 1,200 units within BTR developments.
