Online property management platform start-up Howsy has raised more than 拢2m in its most recent crowdfund as the round draws to a close.
The London firm provides property management for UK landlords, offering the ability to find tenants through to repairs management and renewals.
Founded in 2016, it offers fixed-fee management cost in an effort to save landlords money as a cheaper alternative to high street lettings agents.
The company claims its a digital marketplace that removes traditional agents which it claims brings down the cost of managing a property by an estimated 75%.
At time of writing the firm is set to raise at least 拢2.27m via the Seedrs platform, which represents more than 900% of its original 拢250,000 target.
The firm, which has 7,000 properties on its Howsy marketplace, is made up of a team of 81, operating across two UK locations and a third in South East Asia.聽Hires include ex-PayPal, Zoopla and Microsoft professionals.
The firm generates revenue from charging a fixed fee from 拢39 per month outside London to 拢115 per month in London with additional insurance services provided.
It said it is now preparing to trial additional revenue services such as cleaning, furnishings, utilities, flower delivery and high-speed internet.
On Tuesday Calum Brannan, founder of Howsy announced to investors that the company had qualified for the government’s Future Fund, a support package for start-ups which will match the total raised.
Howsy said the investment funds will form part of a planned larger investment round in 2020, which in the short-term the funds will be used for working capital and growth marketing.