London-headquartered proptech company Least has raised £1.5m funding in its seed round, led by Love Ventures.
Least is a commercial leasing platform that aims to quicken the process by digitising the heads of terms and automating tasks.
Leon Ballard, co-founder of Least, said: “Having developed a unique market-leading solution for the commercial property leasing process, we felt that the size of the opportunity to expand into new sectors and geographies warranted an influx of capital.”
The proptech was founded by ex-leasing agent Leon Ballard and lawyer Nick Kirby, who wanted to make commercial leasing an easier procedure.
Least said it will use the funding for further deployment of its product. The company has also appointed David Cummin as CTO.
Users of the platform include London landlords GPE, Shaftesbury PLC, Brunswick Property Partners and Grosvenor.
“Our investment in Least is based on a mutual understanding that the real estate industry has considerable scope for innovation and in particular, time and cost efficiencies created by the use of digital platforms,” said Adrian Love, general partner, Love Ventures.
The seed round was also contributed to by Concrete Ventures alongside a slew of angel investors.
Earlier this month proptech investor Concrete Ventures said it is looking to raise €100m (£86m).