Last year, askporter, a London based AI-focused property management software start-up, announced an initial £500k seed funding round. Today the company announces that it has secured a further £1.5 million seed round has been raised from strategic investors and Silicon Valley VCs including Plug and Play, Venture University, Pi Labs, WISAG FM and Henley Investments.
askporter is an all-in-one, digital platform that harnesses AI to simplify the process of property management. The digital assistant, ‘Porter’, can be accessed 24/7, and supports the property managing team carry out daily tasks, from arranging viewings and inspections to resolving issues and chasing rental arrears.
Porter helps cut costs and reduces the time spent on tedious tasks, all the while providing first-class support to occupants.
CEO Tom Shrive said: “Our success raising £1.5 million investment reflects wider changes sweeping the property industry. Looking to the future, well-run properties will largely be managed by an AI assistant that has all the context of an actual manager and complete data transparency, freeing them up to focus on delivering value-added, human-touch experience to occupants”
“askporter’s technology already reduces the time spent managing a maintenance task from an average of 45 minutes to only 3 minutes. Over the next 6-12 months, we will emulate these savings across the entire property management spectrum.’
Justin Meissel, Chief Investment Officer of Henley Investments, added: “The property management sector is inefficient and ripe for disruption. Even the best managers are saddled with repetitive tasks that can be driven by an AI solution.
“Our Henley Ventures business is pleased to be investing alongside Google and other top venture investors in backing askporter to continue its growth.”