A London PropTech has secured a £69 million funding deal to fuel the expansion of its AI-powered rental marketplace across the UK.

Dwelly says it leverages AI to significantly enhance the user experience throughout the entire letting cycle, streamlining tenant-landlord matchmaking, maintenance and rent collection.

The firm secured the debt and equity investment to continue its acquisition of lettings agencies. To date it has snapped up eight and currently manages over £200m in GMV.