Student accommodation startup Uniplaces secures £700K

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Uniplaces, the international website for student accommodation, has been backed with seed funding of just over £700,000 by Octopus Investments and the angel investors Alex Chesterman (Founder and CEO of Zoopla Property Group) and William Reeve (Chairman of Graze.com).

Uniplaces provides a booking platform for student accommodation, marketing a wide variety of properties from privately rented accommodation to professionally managed student residences. The London- and Lisbon-based startup prides itself on creating high quality property profiles enabling students to safely book their accommodation online. Uniplaces aims to simplify the process of finding and booking accommodation for students while ensuring marketing costs for providers are kept to a minimum and occupancy rates are maximised. The young company first launched in Lisbon in 2012, backed by Shilling Capital Partners alongside Mr Chesterman and Mr Reeve, with the website expanding to include London – now its headquarters – in June 2013. Uniplaces already has more than 6,000 rooms listed in London and has successfully placed hundreds of students looking for a place to stay.

Ben Grech, co-founder of Uniplaces, said: “We know that Uniplaces is desperately needed in cities around the world, and the financial backing of Octopus will help us to get there faster”. He continued: “We are rapidly expanding the number and variety of accommodation offered on Uniplaces.com and are keen to work with reliable accommodation providers who have a sustained interest in renting to students.”

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