Get the latest Startup news and information

Verifying
X
Please verify before subscribing.

Property tech business Movebubble gets £1.1m funding boost

Spotify managing director Adam Williams among several high-profile investors to have backed the London-based rental marketplace

London-based rental property service Movebubble, featured in the Startups 100 index, has raised an additional £1.1 from a group of high-profile names including Spotify managing director Adam Williams.

Richard Leigh; managing director of London and Capital, and Robert Stiff; founder of Team24, also participated in the round.

Founded in 2014, Movebubble aims to “reduce the stress and hassle of renting” by enabling users to book viewings and secure a home by using feedback from other renters to inform their decisions.

The app works in partnership with 250 estate agencies across London and claims to have seen 170% month-on-month increase in downloads in January this year.

The funding, which takes total investment into the company to £2.36m, will be used to fuel Movebubble’s growth ambitions as it looks to “disrupt the market”.

Aidan Rushby, founder and CEO at Movebubble, said: “We are delighted to have secured such funding from a number of high profile investors. This will enable us to really improve the product and help make renting better for thousands of people.”

Investor Leigh added: “I feel that the Movebubble offering will revolutionise the property rental market in the UK.”

Henry Williams
Henry Williams

Henry has been writing for Startups.co.uk since 2015, covering everything from business finance and web builders to tax and red tape. He’s also contributed to many of our industry-renowned annual indexes, including Startups 100 and Young Guns, and created a number of the site’s popular how to guides. Before joining the team, he reviewed films for a culture website, and still harbours ambitions of being a screenwriter.