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.
International Lead Investors
“The entire team and I are very proud to become part of Homeppl’s growth story, particularly at such an exciting stage in the company’s life cycle. Alex and the team are extremely passionate about the work they’re delivering and its unique technology for the rental market. This company has everything needed to become a unicorn one day.” – adds Berthold Baurek-Karlic, Managing Partner at Venionaire Capital and President of European Super Angels Club.
“We’re thrilled to be supporting Homeppl through their next stage of growth. Homeppl’s proposition is compelling and we’re confident that Alex and the senior team will continue to move in an exciting direction. The adoption of PropTech is urgently required to transform the way real estate industry operates and improve work efficiency, while at the same time, creating value and reducing risk.” – comments Mingles Tsoi, CXO at ParticleX.
Significant Growth Over The Last Year
Homeppl has seen significant growth over the last year particularly as lockdown measures eased across the UK. With international movement slowly showing signs of recovery, the rental market is also undergoing signs of evolution as the market embraces a post-COVID reality.
Working with its existing partners, such as JLL, Chesterton, Quintain and more, Homeppl’s solution aims to bring equality of opportunity to renters while allowing their partners to safely transact with consumers.
“This funding provides strong vindication of our proposition and the impact we are having on the market, bringing huge value to tenants, landlords and agents alike. The team at Homeppl are acutely aware of the problems renters and landlords face which is why we are determined to change the way things are done for the better. That is exactly what this investment is all about.
We have raised double what we expected, which will enable us to innovate and grow faster than we could have anticipated. Most immediately, we will soon be launching into several European cities, and I am grateful for the support from our investors as this will enable us to springboard into the next chapter.” – says Alexander Siedes, CEO and Co-Founder of Homeppl.