A PropTech startup has secured £1 million investment via the GroVentive investment platform, supported by venture capital firm Moscar Capital.
Evo connects landlords, residents, and trades professionals, with the aim of making the property management process more transparent and driving down associated costs.
Evo was co-founded by Dean Shepherd and Mark Iandoli in 2018. Steve Norris – the former MP and Minister for Transport (1992-96) who chairs or has chaired a number of LSE and Aim-listed groups – became Evo’s chairman in 2019.
Working across the private and public sectors – in the public sector, housing associations and local authorities are Evo’s fastest-growing segment – Evo gives landlords greater insights into their properties, with access to detailed service histories, and the ability to track jobs in real-time. Landlords and property managers benefit from a low-cost monthly subscription, while trades professionals can accept jobs on the site.
For residents, Evo says its platform means renters are empowered with more information about their homes and can report problems through its mobile app, leading to much improved turnaround times and greater customer service levels.
“With a tech-first approach, Evo is more like Uber or Deliveroo compared to the more traditional property management processes which are still the status quo,” said CEO Shepherd.
“Renters have been crying out for a better way to communicate with their landlords and property managers, and our site goes a long way to improving what is normally a slow and frustrating process.”
Norris added: “We were delighted by the response to this funding round, as it shows our investors’ belief in the attractiveness of a smartphone enabled way to make the whole occupier experience less stressful, while offering landlords a more cost effective solution in managing repairs and maintenance services.”