Property Sense Launches £1m Funding Round to Double Workforce
Deal News | Apr 30, 2025 | Business Cloud
Property Sense, a Stockport-based PropTech partner for Build-To-Rent (BTR) operators, leasing agents, and developers, has embarked on its third funding round, attempting to raise £1 million. Having already raised £700,000 from its existing investor group in previous rounds, the firm is now looking to secure additional funds to bolster its technology and expand its workforce, with a target to double its headcount by 2025. This is the first time Property Sense has opened its funding round to the public, utilizing the Crowdcube crowdfunding platform. CEO Mike Haywood highlights the company's potential in addressing the UK's growing rental market pressures through technological advancements. The firm's aspirations include leasing over 7,500 units annually by 2029, enhancing user experience for developers, operators, and tenants with a tech-first approach. This funding is seen as pivotal in expanding market share while aligning with ESG priorities by offering sustainable leasing solutions.
Sectors
- PropTech
- Real Estate
- Investment
Geography
- United Kingdom – Property Sense is based in Stockport, UK, and its operations aim to address challenges in the UK rental market.
- Europe – Property Sense's future expansions and market ambitions include broader European operations.
Industry
- PropTech – The article focuses on Property Sense, a company operating within the PropTech sector, which involves applying information technology solutions to real estate markets.
- Real Estate – Property Sense is addressing issues related to the UK housing and rental markets, making real estate a relevant industry.
- Investment – The article discusses fundraising activities, with a focus on raising capital for business expansion and technology enhancement.
Financials
- £1,000,000 – The target amount Property Sense aims to raise in its third funding round.
- £250,000 – The amount already committed in the funding round within three weeks.
- £700,000 – The amount previously raised by Property Sense from existing investors in earlier funding rounds.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Property Sense | Target company raising funds | Company | A Stockport-based PropTech firm partnering with BTR operators, leasing agents, and developers. |
| Crowdcube | Crowdfunding platform | Company | The platform through which Property Sense is opening its Series A funding round to the public. |
| Mike Haywood | CEO of Property Sense | Person | Helming the fundraising efforts and strategic expansion goals at Property Sense. |
| Existing investors of Property Sense | Existing investor base | Company | Investors who have previously funded Property Sense in their earlier rounds. |