Mashroom raises £4M for its ‘end-to-end’ lettings and property management service – TechCrunch
Mashroom, the London proptech that offers an “end-to-end” lettings and property management service, has raised £4 million in new funding. This includes digital credit and reference checks and the signing of rental agreements and tenancy renewals. “Letting and renting is, for the most part, still a fragmented, bricks-and-mortar industry,” says Mashroom founder and ex-venture capitalist Stepan Dobrovolskiy. As an example, Mashroom incentivises tenants to help landlords with viewings at the end of their tenancy by offering a week’s worth of rent as a reward. “This costs less than 2% of annual rent for landlords, compared to paying 10%+ to an estate agent for finding a new tenant.