Goodlord, a property technology company transforming the way people rent, has raised £27 million in its latest investment round, led by Highland Europe and supported by Columbia Lake Partners, Finch Capital, Latitude, and Oxx.
Goodlord will use the investment to accelerate its ambitious growth plans, including potential acquisitions in the UK and beyond.
Goodlord's revenues have more than doubled over 2021. Its software and services now support 1 million landlords and tenants throughout the UK and its proprietary platform processes over £1 billion in payments annually. Following the investment round, Laurence Garrett, Partner at Highland Europe, will join Goodlord’s board to help the company capitalise on its rapid growth in the last year and continue improving the lettings sector for agents, landlords and tenants.
Goodlord was founded in 2014 with a mission to simplify the complex lettings process for everyone involved – letting agents, landlords, and tenants alike. Its cloud-based platform means the entire process of letting a home – from referencing to contract generation – can be managed through a single interface.
The property technology company plans to use the funding to grow its portfolio of products, services, and integrations through strategic acquisitions, as well as by increasing the size of its product and engineering team, to provide more value to the UK’s growing private rental sector of more than 10 million households.
Highland Europe specialises in supporting scale-ups in making acquisitions to fast-track their product development. The European firm’s investments include WeTransfer, Modulr, Supermetrics, Plentific, Reachdesk, and Huel.
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