Octopus leads £12.9m series-B for Property Partner

The venture investment also saw participation from existing backer Index Ventures and new investor Dawn Capital.

In addition to the equity investment, Property Partner's series-B included a £3m debt facility provided by Silicon Valley Bank.

The company will use its fresh capital to expand, developing new segments and products, as well as hire additional staff.

Previous funding
Property Partners first raised institutional funding in 2014, according to unquote" data, when Octopus and Seedcamp led a £1.25m early-stage injection in the company, in which Better Capital's Jon Moulton participated as well.

Index Ventures joined the two existing backers in March 2015, leading a £5.2m series-A for the London-based startup.

Company
Property Partner is a crowdfunding platform allowing people to make investments of £50 and upwards in residential properties.

People
Octopus Ventures – Jo Oliver (investment director).
Index Ventures – Neil Rimer (founding partner).
Dawn Capital – Josh Bell (partner).
Silicon Valley Bank – Phil Cox (head of EMEA, UK president).
Property Partner – Dan Gandesha (CEO).

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• Topics
• Expansion
• UK / Ireland
• Technology
• Venture
• Octopus Ventures
• Index Ventures
• Dawn Capital
• Silicon Valley Bank (SVB)