Proptech firm secures £1.3m funding package
National proptech firm, MakeUrMove, has secured a £1.3m funding package from shareholders to achieve its ambitious growth targets.
Since the launch of the UK’s first subscription service in 2019, MakeUrMove has transformed its innovative platform to focus on addressing landlord’s specific needs and putting them back in control of their rental properties.
The success and uptake of the subscription service, called ‘The Good Landlord’, resulted in additional funding from existing shareholders, PP Asset Management, with the aim of MakeUrMove doubling the number of landlord subscribers in the next six months.
Phil Pels, Owner at PP Asset Management said: “We fully believe MakeUrMove’s vision of using people-focused technology to transform the proptech sector for the better, addresses a vital gap in the market. MakeUrMove has proven over the years that its business model is viable and we are delighted to place more support behind their innovative approach to the private rented sector.”
Alexandra Morris, Managing Director of MakeUrMove, said: “This is a truly exciting time for the business, and this funding will enable us to focus on evolving our services so we can continue to support our landlords and tenants. We are dedicated to the creation of innovative solutions in the private rental sector with technology at its core and our new features in development are key for helping us to reach our ambitious growth targets.
“While the coronavirus pandemic forced much of the housing industry to close earlier this year, thanks to our flexibility and cloud-based technology, we continue to adapt to ensure we can keep supporting our landlords and help them maintain relationships with their tenants.”