Dwelly Raises $170M to Turn UK Lettings Agencies Into Software

Dwelly raises $170M to turn UK lettings agencies into software

The London startup is buying independent lettings firms and folding them onto an AI platform, with EQT Growth leading the equity and Trinity Capital supplying the debt. The UK lettings business still runs on phone calls, paperwork, and the slow choreography of getting a boiler fixed, and Dwelly is betting that most of it can […] This story continues at The Next Web

Proptech Firm Dwelly Raises $170M For Its AI-Forward Acquisition Plan

Armed with $170M from a fresh round of fundraising, UK-based proptech firm Dwelly wants to buy more companies and use AI to streamline operations. Dwelly, founded in 2023, is an artificial intelligence-powered online listing platform for buying and selling real estate. It acquires small property management and brokerage companies, adds their databases to its own, and introduces AI to make operations more cost-effective.  Its $170M financing pack…

Dwelly lands $170M from EQT and General Catalyst, backed by ElevenLabs, Legora and Synthesia’s CEOs, to automate UK lettings

Dwelly, a company that buys UK letting agencies and runs them using AI, has raised $170 million in a Series B round led by EQT Growth and General Catalyst. This comes only five months after its last funding round. The CEOs of ElevenLabs, Legora, and Synthesia, as well as KKR’s Philipp Freise, personally invested in this round. These AI leaders are backing a property services company rather than another AI lab. Dwelly now manages 15,000 propertie…

AI lettings firm Dwelly secures £125m funding round

AI-powered lettings business Dwelly has secured £125 million in funding to support its acquisition strategy of independent letting agencies and expand its technology platform. The funding round was co-led by EQT Growth and General Catalyst, comprising $95 million in equity and a further $75 million through an expanded debt facility from Trinity Capital. The post AI lettings firm Dwelly secures £125m funding round appeared first on PropertyWire.

EYE NEWS UPDATE: AI lettings firm lands £125m growth war chest

EYE NEWS UPDATE: AI lettings firm lands £125m growth war chest - Breaking news for estate agents and the residential property industry. Independent, unbiased, and factual reporting. A forum for discussion and debate of topics of the day. Subscribe for our free daily newsletter.