London rental platform Goodlord and Scalar North Capital early portfolio company, which supports over 1 million landlords and tenants across the UK and processes £1bn + payments per annum raises a £27m round.
Goodlord raised the funds from Highland Europe with ongoing support from Columbia Lake Partners, Finch Capital, Latitude and Oxx having doubled their revenue in 2021 off the back of their Series B funding round, raised during COVID-19 in early 2020.
Goodlord will use the investment to accelerate its ambitious growth plans, including potential acquisitions in the UK and beyond, having acquired Vouch and ACASA and recently announcing the acquisition of lettings platform Halo.
William Reeve, CEO at Goodlord, comments: “As we continue on our mission to build the best rental experience in the world, bringing Highland Europe and Columbia Lake Partners on board as investors is fantastic news for Goodlord and the rental sector. About one in five people in the UK now live in the private rented sector, supported by millions more private landlords and lettings professionals, making our mission just as important today as it was when Goodlord began. Thanks to the backing and expertise of Highland Europe and Columbia Lake Partners, we can accelerate the build out of our product through more acquisitions and, ultimately, support even more tenants, landlords, and letting agents."
Read more from Goodlord's announcement here.
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