We are pleased to announce that we have completed our Seed II equity raise to support the rapid growth the business has seen over the last year with the support of Shawpoint as our corporate finance advisor.
Using a combination of market leading technology and on the ground agents with local knowledge and expertise, has proven to be a winning formula.
We have achieved continual growth in the last 12 months with both residential and corporate clients, whilst sustaining excellent third-party service ratings. The Seed II raise will allow us to develop further services and expand our letting agent coverage across the UK.
We are currently in discussions with potential partners about our options to grow the business into other EMEA countries and we are also aiming to execute an institutional raise in the second half of this year to further amplify the current expansion.
Our CEO, Aaron Short, said “We are delighted to have secured this investment and would like to thank our new investors and clients for supporting the business during this exciting period. Our investment will help us scale across the UK and allow us to invest in our infrastructure to support our mission to be the largest and most loved letting agency in the UK.
"We have always believed our unique model was right for the lettings market and this is being mirrored by our results both from tenants with our Trustpilot reviews and the industry as we continue to gain multiple new contracts.
I am thrilled to be leading the talented team at Accommodation.co.uk and am looking forward to leading the agency into a new era."