Regional News

UK-based proptech startup Goodlord raises £7 million

By Editor 0 Comments NEWS, Regional News

Goodlord, a proptech startup based out of London for agents, landlords, and tenants to access its cloud-based software for managing the rental process, has recently raised £7 million in a Series B funding round led by Finch Capital, along with other existing investors like Rocket Internet/GFC. The funding round was around the same amount of the company's Series A round that happened last year though the company has gone through a lot since that time.

In January, it was reported that Goodlord had let go of nearly 40 employees, and that co-founder and CEO Richard White was leaving the company (it was also speculated that the company’s CTO had departed, too, which proved to be correct). In signs of a potential turnaround, Goodlord then announced a new CEO later that month: serial entrepreneur and investor William Reeve (pictured), a veteran of the London tech scene, would now head up the property technology startup.

Reeve’s appointment could be viewed as somewhat of a coup for Goodlord and showed how seriously its backers — which, along with Rocket Internet (and now Finch), also includes LocalGlobe and Ribbit Capital — were treating their investment and the turn-around/refocus of the company.

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