London property management software firm Arthur, has just raised £1,136,000 in its first-ever round of funding.
Arthur was founded in 2014 by David Cummin, Rochelle Trup and Marc Trup as a way for the serial entrepreneurs to solve the problems they encountered running their own property portfolios.
It has now expanded and is used to manage over 50,000 units across 27 different countries.
The current round of funding was managed by the Chairman, Mark Jones who brought in five individual investors, that were handpicked to bring added value to the brand and aid substantial growth. London Business School investor group introduced 11 investors and the Deloitte Investor group brought five investors, resulting in a total of 21 external investors.
“I have watched Arthur’s development since its inception and have been deeply impressed with the firm’s use of innovative technology, to build a ground-breaking software platform for property managers," Jones said.
“It’s well ahead of the competition with its suite of apps and its integration with comprehensive accounting and software platforms such as Xero, Quickbooks and Zapier, combined with exceptional property management functions, allowing property managers to have full control across the portfolio," he added.
Arthur's director of finance Rochelle Trup says the property management tool makes processes and procedures simple.
“The property software market is changing rapidly and unlike many of our competitors, Arthur was designed with the twenty-first century in mind," Trup says.
“Arthur makes the job of a property manager simpler by giving them a ‘one-stop-shop’ for everything, automating a lot of the daily tasks and allowing them to manage from anywhere. Ideally suited for any portfolio type or size, including student accommodation, social housing HMOs, together with agency and self-managing landlords.