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.
Highland Europe was advised by international law firm Osborne Clarke. The team was led by corporate partner Robert Wood and included associate director Robert Pook and associate Kamila Bochenek.
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.
Osborne Clarke has also recently advised Highland Europe on a number of investments across Europe. These include SoSafe in Germany, Podimo in Sweden and ME+EM in the UK.
Osborne Clarke’s Corporate team is a go-to practice for companies in the Tech, Media and Comms sector. Its clients range from global businesses to fast-growth start-ups and market challengers. The team advises at every stage of company development across all corporate issues, from equity and debt fundraisings to M&A, IPOs and JVs.