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Homeppl, Proptech startup and HBSAAL Laureate, has raised $1.4 million

Investors in this round: VC ParticleX and Venionaire Ventures

Homeppl, a UK-based Proptech, has raised $1.4 million in funding round at a post-money valuation $13.5 million.

Founded by Alexander Siedes, Homeppl provides a tenant referencing platform that assesses the UK’s 15 million tenants’ real risk level enabling letting agents to fast-track growth without the risk of fraud, default, or delays.

The system leverages Open Banking, proprietary behavioural analysis and fraud detection tests to assess the financial situation of potential tenants and ability to afford rent.

Homeppl combines anti-fraud technology with Open Banking data to protect landlords from tenant fraud, and ensure tenants are not discriminated against and can access the properties they deserve.

The money raised will enable Homeppl to innovate and grow faster. Homeppl plans to soon launch into several European cities and to double its team of 30+ professionals within the next year.

The round was led by two venture capital investors, Hong Kong-based VC ParticleX and Venionaire Ventures, on behalf of the European Super Angels Club.

This most recent funding brings total seed capital to over $5 million.

In late 2020, Homeppl had raised $2 million from Ascension Ventures, Fair By Design, and JLR Star.

Homeppl had raised a portion of its seed funding at the HBS Alumni Angels of London (HBSAAL) pitch event in March 2019.

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$1.4m

Homeppl, Proptech startup and HBSAAL Laureate, has raised $1.4 million

Homeppl, Proptech startup and HBSAAL Laureate, has raised $1.4 million

By Harvard Business Angels13 Oct 2021