HOMEPPL COMPLETES SEVEN-FIGURE FUNDING ROUND
Successful £1 million funding led by European Super Angels Club (Austria) and ParticleX (Hong Kong) marks Homeppl’s second seven-figure raise in the last 12 months and brings its post-money valuation to £10 million.
We are proud to share a funding deal announcement of our portfolio company: Homeppl, the UK-based tenant due diligence and guarantee technology business, has successfully closed another funding round to support its growth trajectory.
Homeppl’s solutions combine referencing data and anti-fraud technology with Open Banking data and behavioural analysis to protect landlords from tenant fraud, and ensure tenants are not discriminated against and can access the properties they deserve. In recent months, Homeppl has been oversubscribed and has protected its clients from potential losses of more than £3 million in 2021 alone.
The latest investment will drive the next phase of growth for the business as it moves towards its Series A round. In the short-term, this funding will be used to expand the firm’s client base and double its team (30+ strong professionals within the next year), drive continued product innovation and R&D while building out the international offering.