Findingaplace, a UK Proptech startup, has closed its funding round on Seedrs raising £311,000 in equity capital at a pre-money valuation of £1.5 million. The target of the securities offering was £250,000 and easily topped as 352 individual investors backed the firm.
Findingaplace is a SaaS platform that matches renters with available properties saving time/money for all involved. Findingaplace connects users to estate agents that have properties that match defined requirements.
Findingaplace said that 2/3s of the money will to to new hires as they aim to boost awareness with the remaining used for further development of their service. The company says it intends on expanding the platform beyond London and eventually internationally. Findingaplace reports that after its first nine months over 22,000 tenants have registered and connected to hundreds of agent partners throughout London.
Mike Savva, Founder of Findingaplace, said they were thrilled to have exceeded their funding target:
“We all know how tough the London rental market is and Findingaplace simplifies the process, ultimately helping more renters find their dream home whilst also making our agent partners stand out ahead of the competition to prospective landlords and retain more revenue. More new property portals aren’t the answer to the disappointment renters experience; in-fact the increasing number of portals actually exasperates the issue. Renters are looking for an alternative and smarter way. Findingaplace is their solution.”
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