Goodlord, a UK-based property rental management software provider backed by e-commerce holding company Rocket Internet, has received more than £10m ($12.4m) in series B funding.
The round was led by venture capital firm Finch Capital and also featured VC firm Oxx Capital and Latitude Ventures, a growth-stage fund linked to seed-stage VC firm LocalGlobe.
Founded in 2014, Goodlord has created a software platform enabling property landlords and estate agents to carry out pre-tenancy checks on potential renters, get electronic signatures for rental agreements and collect rental payments.
The funding will be used to enhance the company’s customer service capabilities and implement features that will help clients comply with existing and future UK rental regulations.
Goodlord has now raised $22.4m in total, including $9.2m in a late 2018 round also billed as series B that was led by Finch Capital and backed by both Rocket Internet and Global Founders Capital (GFC).
GFC had previously led the company’s $8.8m series A round in 2017 that also featured LocalGlobe and Ribbit Capital. It had secured $2.9m in a 2016 seed round that included LocalGlobe and GFC.