Manchester-based scholar dwelling platform Housr has closed its £7.5m collection A spherical to gasoline its product innovation and geographic enlargement.
The free-to-use Housr app is used for a wide range of scholar dwelling duties, providing rental and housemate searches, invoice splitting and rewards.
The financing included strategic participation from Ashta Capital and Juniper Fairness, two Texas-based personal funding corporations that spend money on growth-oriented working corporations. Home has just lately undergone a interval of hyper-growth that noticed 186% year-on-year income development.
“The market is quickly shifting in direction of demand for an all-in-one scholar OS with the house on the coronary heart of the whole lot, and our platform is uniquely positioned to capitalise on that demand,” mentioned Harry Panter, cofounder and CEO of Housr.
“Ashta Capital’s strategic involvement underscores the power of our mission and positions us to speed up development throughout key college markets throughout the US, together with the rollout of recent merchandise that may genuinely change the best way college students hire but in addition work together with their funds and the whole lot that isn’t their diploma, while at college.”
The collection A capital can be deployed throughout product innovation, expertise acquisition and market enlargement. Housr’s intention is to service 1,000,000 college students throughout the UK and US inside the subsequent 12 months.
Earlier this month, Housr and the College of Birmingham (UoB) signed a scholar dwelling partnership to modernise the college’s off-campus housing processes, promote their UoB accredited landlord membership scheme, and enhance engagement with its college students.
