"Dwelly operates an AI-enabled roll-up model, acquiring independent agencies and integrating them onto its technology platform. The UK residential rental market generates more than £100bn in annual rent roll and around £10bn in commissions, yet remains highly fragmented, with roughly 20,000 firms operating nationwide. The top 100 account for less than 30 per cent of the country's 5.5 million rental properties."
"Since launching its acquisition strategy in 2024, Dwelly has bought eight agencies and now manages over £200m in gross merchandise value (GMV). The company says it has surpassed 10,000 properties under management, placing it among the UK's 15 largest letting agencies in under two years."
"Dwelly's platform automates key stages of the rental process, including tenant screening, contract execution, payments, maintenance coordination and pricing adjustments between tenancies. The company claims its system increases the average number of validated offers per property from one or two under a traditional model to around 10. It says this has reduced average letting times by roughly one-third and introduced a more transparent 'best offer wins' model aimed at reducing bias in tenant selection."
Dwelly, a UK property technology platform, secured £69m in combined equity and debt funding to expand its AI-enabled roll-up strategy for independent letting agencies. The funding includes a £32m equity round led by General Catalyst and a £37m debt facility from Trinity Capital. Operating in the highly fragmented UK rental market—which generates over £100bn in annual rent roll with roughly 20,000 firms managing 5.5 million properties—Dwelly has acquired eight agencies since 2024, managing over £200m in gross merchandise value and over 10,000 properties. The platform automates rental processes including tenant screening, contract execution, payments, and maintenance coordination, increasing validated offers per property from one or two to approximately ten, reducing letting times by roughly one-third, and implementing a transparent tenant selection model.
Read at Business Matters
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