Movebubble, the startup finding renters a home through real-time help and insight from other renters, has announced its total investment – £2.36 million. This sum was reached after a recent funding boost of £1.1 million from private investors. The new capital will be key to achieve aggressive growth targets and continue to revolutionise the rental market.
Movebubble is London’s renter-dedicated property service with thousands of available properties. The company works in partnership with over 250 estate agencies. Renters can discover, book viewings and secure a home in just a few taps via an app using other renters’ honest feedback in real time to save a huge amount of time and stress. The service includes real-time feedback through tips and insights collected from other users in the community. The startup was founded in 2014 by Aidan Rushby, Tony Edwards, and Logan Hall with headquarters based in London, England.
Movebubble reached a 170% growth in app downloads in January 2016. The app was launched in November 2015 on stage at TechCrunch Disrupt.
Aidan Rushby, Founder and CEO at Movebubble, expains: “We fully believe that Movebubble will transform the lives of renters on the property hunt by offering transparency, sharing capabilities and ultimately saving them huge amounts of time and hassle”.
The latest funding will be used to build the in-house team and develop the brand’s London presence. High profile investors in the startup include former Spotify Managing Director Adam Williams, Co-Founder and Managing Director of London and Capital Richard Leigh, and British entrepreneur Robert Stiff, who sold his business Team24 to Capita.
Regarding the funding, Aidan Rushby stated: “We are delighted to have secured such funding from a number of high profile investors. This will enable us to really improve the product and help make renting better for thousands of people.”