PropTech partner for BTR operators, leasing agents and developers Property Sense has launched its third round of funding to raise £1m.
Having previously secured over £700,000 from its existing investor base through two previous raises, the Stockport-based firm is now looking to raise a further £1m in its Series A, with £250,000 already committed in just three weeks.
Funds raised will be used to accelerate its PropTech adoption and market share, with a focus on doubling its headcount by the end of 2025.
The business will also look to enhance its technology platform to scale its market presence.
With such ambitions, the company has opened its funding round to the public for the first time via the crowdfunding platform Crowdcube.
The company completed its pre-seed and seed rounds in late 2024.
“The investment we’ve received so far reinforces the strength of our business model and has accelerated our progress. Opening our Series A investment round to the public for the first time goes one step further and represents a major milestone for us as a company,” said Mike Haywood, CEO of Property Sense.
“People are recognising an opportunity that directly responds to the UK’s housing crisis, with renters making up a growing share of the population. With greater pressure on the rental market, we are offering a smarter, scalable solution that eases the burden for operators and tenants through faster, more efficient leasing.
“It also supports ESG priorities by reducing the reliance on traditional, resource-heavy leasing processes. We have huge ambitions to keep serving the BTR sector with revolutionary tech solutions that will redefine how leasing and online property reservation works – for developers, leasing agents and tenants alike.
“We’re confident our next chapter will be a huge success and believe many people will want to back us through the process.”
The company has ambitions to be leasing more than 7,500 units per year by 2029, offering developers, operators and leasing agents an immersive, tech-first solution that reduces lease-up times and streamlines the entire process, from enquiry to move-in.