Octopus leads £1.25m seed round for Property Partner

Property partner has started taking customer registrations and stated its plans to launch the service in the coming weeks.

Ed Wray, the co-founder of UK online gambling company Betfair, European accelerator fund Seedcamp and a group of private investors also took part in the round. The investment brings the total amount raised by the company to £1.4m.

Octopus stated it was attracted by the previous track record of the company's CEO, Daniel Gandesha, and by the company's niche within the property crowdfunding market.

The VC has a well-documented history of investing in property-related services, having backed online property search website Zoopla from an early stage. Zoopla floated with a market cap of £918.8m in June, with Octopus partially exiting through the IPO.

Company
London-based Property Partner is a crowdfunding platform allowing people to make investments of £50 and upwards in buy-to-let properties.

People
Daniel Gandesha is the founder and CEO of Property Partner. Jo Oliver, a director in the ventures team at Octopus, will take a seat on the board at Property Partner.

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• Topics
• Early-stage
• Financials
• UK / Ireland
• United Kingdom
• Octopus Investments