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AI property management firm AskPorter gets £500,000

AskPorter, an AI powered property management platform, has raised more than £500,000.

The London-based business received the cash injection from David Newnes, the former executive director of LSL Property Services; James Caan CBE; and Fasial Butt.

AskPorter also received a follow-on commitment from Pi Labs.

Set up in 2016 by long-time friends Tom Shrive and Sam Tassell, AskPorter is essentially a multi-channel communications platform with an AI digital assistant which serves all the parties involved in the property management process.

Alongside the funding, the startup has also partnered with Adiuvo, a provider of out of hours services for approximately 350,000 properties in the UK.

Shrive, the CEO of AskPorter, commented: “Our mission is to leverage AI to help property owners and managers build better relationships with their customers by streamlining costly processes whilst delivering a really compelling tenant experience. This investment will enable us to roll-out our property management platform nationally, and begin to redefine service levels within the property management sector.”

The startup graduated from Pi Labs pre-Seed programme.

James Caan CBE explained why he decided to back the company: “New technology, like Artificial Intelligence, which sits at the heart of AskPorter, will undoubtedly play an increasing role in people’s lives, particularly estate agency and property management. AskPorter is set to significantly improve the service that managing agents are able to offer landlords and tenants; saving time, cost and hassle. I am extremely excited to be part of the team and see what the future for this innovative new company has in store.”

Faisal Butt, the founder and chairman of PropTech VC Pi Labs, went on to note: “AskPorter has cleverly recognised that the property management industry is better positioned than most to take advantage of the developments in communication and AI. What I find truly exciting about this startup is that weaving AI into property management is an opportunity to totally transform the customer experience in this industry.”

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