Technology firm Movebubble has announced a new strategic investment by Quintain, the owner and developer behind Wembley Park and build to rent business Tipi.

Quintain is taking a 10% stake in the technology business.

The deal marks the first institutional funding for Movebubble, which launched in 2014 to improve the lives of London’s estimated 1.98m renters by designing a renter-first approach to finding a home.

Aidan Rushby, founder and CEO of Movebubble, said: “We are extremely excited to have partnered with Quintain to accelerate our growth.”

Rajesh Shah, executive commercial director at Quintain, said: “We were extremely impressed with the innovative and entrepreneurial approach Movebubble takes and we are very excited to be involved in the company’s bright future.”

The investment and resulting close working relationship between the organisations will enable Movebubble to further develop ‘Movebubble One’, a product developed specifically for the institutional build to rent market.