Opportunity to invest in an end-to-end platform for booking student accommodation

As we’re following the news on the Covid-19 vaccine being released in the UK, we’re looking at markets for student rental properties, expected to get busier and busier as students are coming back for the second semester of university classes, seeking accommodation options over the Christmas period.
Yet the problem that continues to exist is that booking operators lack the tools to convert students’ inquiries into actual bookings, as valuable data is not captured efficiently. As a result, a market gap opens and investors’ attention shifts to focus on revolutionary end-to-end solutions that can deliver a dual business model to account for both students making the bookings as well as the accommodation operators processing them.

Recognizing this widening market gap, the team behind Housemates steps in to deliver a booking engine that enables operators to convert bookings by accessing insights that allow them to understand their effectiveness and competitive position. With a vision to power a global ecosystem beyond its own marketplace, Housemates’ offer gains traction as we’re heading into 2021.

Lydia Jones, the Founder & CEO of Housemates, highlights that the pandemic has shown the need for flexibility and adaptability for both students and operators in the booking process.
 
A student-first digital accommodation platform, Housemates is designed to overcome the issues students faced this year, including paying for the bookings they didn’t need during the pandemic.

► $180B spent in PBSA yearly on rent
► 200M students globally
► $17B investment into PBSA 2016-2019 (UK)
►600,000+ PBSA bed spaces (UK)
► $2.8B into PropTech (2019)
► 3M PBSA bed spaces (US)

► #1 Google results out of 23+ mil results
► 8 hires in the team
including ex Sterling Bank, DEPT, Spareroom
► 150,000 property pipeline
► HQ in central Manchester
► 270,000 organic reads

► servicing 6 cities across UK, Ireland and Australia
► currently forming partnerships and business links for expansion
► by 2022/23 academic year will service all UK cities and Sydney
► planning entry into the U.S. market by 2023

Register interest in Housemates here.

  • raising £2M
  • valuation £20M
  • stage: seed
  • tags: SaaS, platform, marketplace, proptech
If you’d like to chat more about this opportunity, our Team will be more than happy to make an introduction as the offer is getting traction after its launch earlier this month, having been featured in BusinessLive and The Irish Times. Register your interest in this email by clicking the button above or replying directly.

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