Re-Leased real estate platform raises £ 12m for international growth

Re-Leased cloud-based property management platform after raising $ 15m (£ 11.9m) in funding round led by JLL Spark.

Leasehold is a platform that allows property firms to manage property portfolios, boosting technology for a traditionally slow-moving industry.

The portfolio panel gives developers and landlords greater visibility and control over their properties, as well as supporting building maintenance, reporting, invoicing and document storage.

The platform is already in use to manage more than 50,000 properties and 100,000 leases worldwide, Re-Leased said.

Based in New Zealand in 2013, the company has established an international presence with the opening of a UK office in Birmingham and headquarters in London.

The company also operates in the United States and Australia.

“At Re-Leased, we believe in the power of technology to shape the future of commercial real estate to drive better outcomes for people, property and the planet, and the support of JLL Spark is a strong validation of this vision and we have a platform. built, ”said Re – Leasing Chief Executive Tom Wallace.

“Commercial real estate needs to be adapted to be relevant and successful in a post-pandemic world. This investment and partnership with JLL Spark will help secure our position as a world leader in this technological change.

Re-Leased will use the new investment to continue the company’s international growth and to develop and release new software products and partnerships.

Kitty Sullivan, principal at JLL Spark, said: “Re-Leased cloud native software is disrupting the status quo, revolutionizing the way customers run their businesses.

“We are confident in the platform’s potential to drive the digital transformation for the sector and look forward to supporting its global growth.”

With the addition of the new funds, the company has now raised a total of $ 24.8m, with previous funding coming from a $ 4.1m angel investment.

Re-Leased real estate platform raises £ 12m for international growth

Source link Re-Leased real estate platform raises £ 12m for international growth

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