Stockport-based PropTech partner Property Sense has raised £2m to accelerate its expansion across the UK build-to-rent (BTR) sector.
The company, which focuses on speeding up lease-up for BTR operators, leasing agents and developers, originally closed a £1m Series A crowdfunding round in July, just three months after its launch.
Following oversubscription and interest from early-stage venture capital funds, the raise has now been extended by a further £1m.
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The new investment will support enhancements to Property Sense’s platform, including CRM and PMS integrations, alongside its rollout across BTR schemes nationwide. The firm also plans to move into new living segments such as co-living, single family homes and purpose-built student accommodation.
Founded to streamline lettings through scalable technology, Property Sense has developed proprietary software that digitises lease-up operations via a self-serve platform, designed to improve communication between residents, operators and agents and help landlords fill schemes faster during construction and launch phases.
“Securing £2m in growth capital gives us the momentum to truly scale – not only enhancing our technology, but rolling it out on a national level,” said CEO Mike Haywood.
“It’s incredible to see how far the business has come in such a short space of time.
“We took a bold step early on by pivoting into a highly specialist PropTech space, but we knew our technology had the potential to completely revolutionise the way lettings work in the UK, particularly during the critical lease-up and construction phases of developments.
“To have both early-stage VCTs and high-net-worth individuals, as well as a crowd of public investors backing that vision, is a huge validation of everything we’ve built so far, as well as where we’re heading.”
The raise follows a year of strong growth for Property Sense, which has expanded beyond the North West and Yorkshire into the Midlands, South East, London, Wales and Scotland.
