Goodlord grabs £7.2m for property transaction platform

London-based property transaction platform Goodlord has raised £7.2m in a Series A round led by German startup builder Rocket Internet’s Global Founders Capital fund.

Investment also came from Silicon Valley-based FinTech investor Ribbit Capital and London VC LocalGlobe.

Goodlord aims to connect tenants, landlords and estate agents, with its cloud-based platform serving to organise paperwork and transactions.

The company operates on a SaaS model and further monetises by taking a cut of payments that flow through the platform as well as added services such as insurance for landlords.

Goodlord claims to have processed more than £200m in tenancies to date and sells into 355 estate agents around the UK.

It will use the new capital to further develop the platform’s underlying technology as well as doubling its team with the hire of additional developers, engineers and sales staff.

Goodlord previously raised £2m in seed round last year from LocalGlobe.

The VC firm of prominent UK investor Robin Klein, LocalGlobe previously backed online property giant Zoopla in 2007.

Its recent moves in the PropTech space include mortgage broker startup Trussel, which went on to partner with Zoopla, as well as online property ISA

Goodlord is the second recent UK PropTech investment made by Ribbit which led mortgage startup habito’s £5.5m Series A round in January.

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