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.”