Least, a platform aiming to deliver a faster digital leasing experience, has closed a £1.5 million seed funding round.
Founded by former leasing agent Leon Ballard and lawyer Nick Kirby, it simplifies the leasing process, creating efficiencies for building owners and a new user experience for occupiers.
The product claims to slash the traditional timeline associated with the negotiation and closing process, reducing void costs, losing fewer deals, and generating revenue for both building owner and agent much sooner.
Least has seen traction with London landlords including GPE, Shaftesbury PLC, Brunswick Property Partners and Grosvenor.
The round was led by Love Ventures and backed by fellow PropTech VC Concrete Ventures, along with a group of angel investors with significant reach and experience in the real estate, legal and financial sectors.
It will fuel the growth of the team as new CTO David Cummin joins.
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“Having developed a unique market-leading solution for the commercial property leasing process, we felt that the size of the opportunity to expand into new sectors and geographies warranted an influx of capital,” said Ballard.
“In Love Ventures, Concrete Ventures and multiple industry-leading angels, we have got passionate, smart and supportive partners who we are thrilled to welcome aboard for the next phase of our journey.”
Adrian Love, general partner at Love Ventures, commented: “Our investment in Least is based on a mutual understanding that the real estate industry has considerable scope for innovation and in particular, time and cost efficiencies created by the use of digital platforms.
“Love Ventures is excited about Least, what they are offering to clients and the potential for adoption across multiple sectors and geographies, and we look forward to continuing to provide support in the future.”
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