Finding decent accommodation can be a huge headache for students juggling exams, dodgy landlords and over-stretched loans.
This may be why property management platform Bubble Student has seen huge success with its Seedrs crowdfunding campaign, hitting 81 per cent of its £400,000 target in just two months.
The company has enjoyed great success since launching in key university cities across the North in November 2017 and having proven there is a huge demand is now raising to help scale the business and continue growth across the rest of the country.
Having already raised £210,000 in pre-seed funding early last year, those investing even £11.72 through Seedrs gain numerous perks, including a three month long free insurance deal for personal gadgets and an investor badge within the app which grants early access to deals from partnered brands.
“Our product has always been built with the input of students, so naturally when we were looking to raise our next round we wanted to get the students involved,” said co-founder Felix Henderson .
“This will allow us to keep growing and have a direct positive input to students as we scaled. We will continue to be the champion voice for students.”
Seeing that there was no go-to platform that aggregates properties by local area Bubble Student, through innovative back-end machine learning, allows prospective roommates to browse properties, finding the best deals and connecting with landlords.
This cuts down on time, energy and money for the students and gives them more power and leverage in an industry that suffers from stagnation and inefficiency.
Bubble Student currently boasts over 10,000 users and lists over 200,000 student rooms. It has seen a strong boost through the chairmanship of veteran investor and ex-banker Rupert Hambro and is part of the Google Cloud Start-up Program, allowing access to reliable and high-functioning tech.
Bubble Student’s proposition includes intelligent property suggestions, one-touch scheduled viewing & booking and digital contract signing.
Clients can also access simplified, pooled paying of rent, insurance and bills, a group chat feature for roommates and landlords and a management platform for property professionals to effectively look after their tenants and properties.