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Property Partner closes £15.9m Series B round led by Octopus Ventures

Houses London

Property Partner, a crowdfunding platform that enables anyone to invest in residential property, has closed a £15.9m Series B funding round led by Octopus Ventures.

Bringing the company’s total funding to £22.5m, the round also drew support from Index Ventures and Dawn Capital.

Dan Gandesha, CEO at Property Partner, commented on the raise:”This significant investment is a huge vote of confidence in our business model, and our vision for making the property market better for everyone.

“These funds will help propel us towards our ultimate goal – that of being a global stock exchange for property,” he added.

Launched in January 2015, Property Partner, which claims to have more than 6,2000 customers, said it will use the funding to expand across the board.

Jo Oliver, investment director at Octopus Ventures, commented on his firm’s involvement in the round:“The £5.75 trillion UK property market, with the exception of pioneers such as Zoopla, has been slow to embrace technology. However, this is now changing rapidly and Property Partner is one of the companies leading this disruption.

“Through its combination of technology, business model and excellent management execution Property Partner is dramatically increasing and improving the accessibility of property as an investment asset class. Octopus Ventures is delighted to be leading the current investment round to help Dan and his team fulfil their vision of being the world’s leading stock exchange for property,” he concluded.