Online estate agent Emoov has merged with rival Tepilo in a deal that also includes the web-based lettings agency Urban.co.uk and makes the combined group the UK’s second-largest digital estate agent.
Online estate agents Emoov and Tepilo are entering into a £100m merger, teaming up to create the second largest player in the digital market behind industry leader Purplebricks.
Property technology company Airsorted intends to double the number of properties it manages by the end of this year in Dublin amid a rise in demand for short-term accommodation in the city.
Trussle, the U.K. online mortgage broker that competes most directly with Atomico-backed Habito, has closed £13.6 million in Series B funding.
AirBnB management firm Airsorted has completed a Series A funding round worth £5 million. Pi Labs and Atami Capital were among the investors. With the total amount raised to date now £6.5m, the London firm will continue its global expansion. It operates in London, Edinburgh, Dublin, Brighton, Bristol, Sydney, Melbourne, Brisbane and Auckland and most recently launched in Paris.
The pair, which teamed up to back 90 North in 2011 and have seen that company grow to a propco with more than $1.5bn (£1.1bn) of asset under management, is looking to deliver the same success with its latest investment.
London-based 90 North Real Estate Partners has sold Lenovo Enterprise Campus, a three-building office campus in Morrisville, for $135.3 million.
Having experienced first-hand the property market’s need for disruption, Dominic Wilson helped launch Pi Labs to invest in proptech startups. However, he warns that he has no patience for impolite founders
The London property tech, or proptech, scene is grabbing attention across the globe, as the $13bn (£9.4bn) US investment firm Varde Partners has today scooped a stake in venture capital firm Pi Labs, City A.M. can reveal.
AskPorter, an artificial intelligence-powered property management platform, has raised more than £500,000 from investors, including the proptech venture capital firm Pi Labs.