With a new CEO and CTO in place, proptech startup Goodlord raises further £7M
Summary
London ‘proptech’ startup Goodlord, which offers cloud-based software to help estate agents, landlords and tenants manage the rental process, has raised £7 million in Series B funding. 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. As I wrote at the time, 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. The Goodlord SaaS enables letting agents to “digitize” the moving-in process, including utilizing e-signatures and collecting rental payments online. Meanwhile, the company says new funding will be used to build new products, grow its customer base, and invest in the further development of its proprietary technology to continue to make “renting simple and more transparent for letting agents, tenants and landlords”.