Oxx backs Goodlord in £10m Series B
We're happy to announce that Oxx has joined a £10m financing of property tech SaaS company Goodlord, alongside Finch Capital and Latitude Ventures, the Series B+ sister fund to LocalGlobe.
Goodlord is transforming the housing market by creating a digital one-stop-shop making the rental process simple and transparent for tenants, agents and landlords.
Bob Thomas, Principal at Oxx, said:
“Goodlord is a great example of the power of software: to replace complexity with clarity and transparency. By connecting counterparties across the property rental transaction, Goodlord solves a significant problem for agents, landlords and tenants. With UK agents reporting that the greatest pain they face is the back office administration and increasing compliance associated with managing tenancies, Goodlord automates away this administrative burden and, in doing so, makes the rental process simple and transparent for all involved.
As rental becomes an increasing share of the UK housing mix, the importance of improving the rental transaction for agents, tenants and landlords is enormous. Goodlord is leading this market forward, and we are delighted to back their world-class team as they develop one of the UK's most significant technology businesses."
We're delighted to support an experienced and passionate entrepreneurial team of leaders in William Reeve, Tom Mundy and Donovan Frew, who are ready to deliver on a big vision. Goodlord is already leading the market in processing digital tenancies and this funding will allow the company to continue to drive ambitious growth.
Read more about the financing in TechCrunch.