AO Proptech leads €29m series-B for Plentific

Newcomer Target Global and existing investor Round Hill Ventures also took part in the round.

Plentific intends to use the fresh capital to boost its growth, accelerate the development of additional platform features, further expand across Europe and enter the US market in 2020.

Previous funding
Following a pre-seed round of an undisclosed amount in 2013, Plentific raised $1.6m in seed funding in March 2015 from Wild Blue Cohort. Subsequently, the startup received $2m from Pi Labs and other tech investors in July 2016, and raised a series-A round of $5.5m led by Round Hill Ventures in June 2018.

Company
Founded in 2012 and headquartered in London, Plentific is a digital property platform that specialises in property repairs, maintenance and management. The company enables landlords to reduce operational costs across repair and maintenance services by digitising the entire experience and streamlining manual processes, while connecting homeowners with a marketplace of independent local tradespeople. The company is currently active in the UK and Germany.

People
Plentific – Cem Savas (CEO, co-founder).
Target Global – Yaron Valler (general partner).

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• Topics
• Expansion
• UK / Ireland
• Real estate
• Technology
• Target Partners
• Venture
• United Kingdom