Henley Ventures leads £4m Series-A investment into proptech rental platform Lavanda

By September 19, 2019 Henley Ventures, Property Week
Henley Ventures leads $5m funding into proptech company Lavanda

Proptech startup Lavanda has received $5m (£4m) is a round of Series-A funding led by Henley Ventures.

Lavanda gives asset managers a platform to create Airbnb-style short and medium-term rentals across their portfolio.

The company says its software has helped increase the net operating income of multi-family, build-to-rent, and student accommodation by up to 20%. Some 10k units are managed on the platform and its customers include JLL, Aberdeen Standard Investments and Savills.

“Lavanda legitimises and institutionalises short and medium-term rental options for commercial landlords, providing a best-in-class technological solution.”

said Justin Meissel, Henley’s chief operating officer and managing director in Europe.

“Partnership with Henley and their investment into the business enables us to take a major step towards realising our vision; to become the de facto technology platform powering a compliant global short and medium-term rental ecosystem.”

said Lavanda’s founder Guy Westlake.

18th September 2019 | Read the full article at Property Week

 For further information regarding this deal simply contact a member of our investment team.