Plentific, one of the UK’s fastest growing PropTech startups, has landed £2m in funding backed by Property Innovation Labs (Pi Labs) and other tech investors.
This brings the total investment in the company to just over £2.9m.
Founded by Cem Savas and Emre Kazan, Plentific is a home services marketplace designed to help homeowners, landlords and professionals with technology-enabled services. The London-based startup says the investment will be used to increase brand awareness and accelerate the company’s development of additional platform features.
“We’re delighted with this investment which allows us to continue evolving our product and to start stretching our marketing legs,’’ said co-founder Savas.
Plentific’s listing of UK professionals allows homeowners to compare quotes across 350 services. The company has gained the support of Zoopla, Primelocation and the Planning Portal to drive their ‘Find a Pro’ page, further assisting the company’s ambitions to develop a platform that is able to streamline the European home improvement sector.
The investment supports activity in the PropTech space for Pi Labs. The company is planning an additional 20 pre-seed investments through its accelerator programme and has recently announced the first five for this fund.
Kazan concluded: “Pi Labs was a key VC we wanted to have in the round. They have been operating in the European property market for some time so their domain expertise and experience will be invaluable as we look to realise our ambitions of making Plentific Europe’s biggest home improvement marketplace.”