A digital platform for estate agents and tenants, Goodlord got another investor. This time the investor is from Palo Alto, California. Goodlord raised 7.2 million pound from Rabbit Capital.
Goodlord’s Financial Partner
The middle man of the estate agents and tenants has some other financial partners. Venture capital firms, like Local Globes and Global Founders Capital (GFC) are on the list of the investors of Goodlord.
Performance of the company
Though, the property company’s business model is recent, but prior to this, Goodlord managed 2 million pound. The London-base company’s business model helps estate agencies to reduce their administration costs. Moreover, agencies can save time by purchasing cloud platform from Goodlord to handle rental transactions. Goodlord is not an old venture. Nevertheless, dominating its territory the tech company so far dealt transactions worth 200 million pound.
Goal and future of the company
With a view to making house renting as easy as online shopping, the company is expanding its business. Consequently, it is going to increase its staff sizes to 117 employees.
Telegraph quoted Richard White, Chief Executive Officer of Goodlord, “More and more people will renting their homes for longer. The CEO further said, “They want to see quick, professional and efficient service from both agents and landlords. Goodlord can provide this in a way that is familiar to a generation that expects to complete purchases, order take-aways and hail a taxi using their phone in seconds.”
However, Goodlord’s journey already created sufficient buzz in London. Stakeholders and proponents of the company are longing high probability of growth in coming days.