A firm that provides landlord compliance and licensing scheme tracking tools, has raised more than £500,000 from a group of investors including Life Ventures, EPIC Private Equity LLP and a number of private individuals.

GetRentr lets landlords and agents enter and audit details of entire portfolios broken down by postcode to check that they and their properties comply with local regulations.

It already works with the National Landlords Association and several unnamed lettings agents.

The investment will be used to develop the technology and allow agents and landlords to comply with regulation, ensuring that the accommodation provided to their tenants is safe and meets required standards.

Orla Shields, chief executive of GetRentr, said: “At GetRentr our vision is to raise the standards of rented accommodation through the innovative use of data and technology, whilst also offering letting agents and landlords significant savings and revenue opportunities by automating complex, error-prone compliance processes.

“Our pioneering data and technology platform delivers transparency, measurable impact and strong stakeholder returns – things which will set us apart in terms of our ability to recruit the best talent, scale the business globally and enjoy sustainable success.”

The business is different from Rentr – which provides property management tools for landlords as well as an agency service offering professional photographs, accompanied viewings and listings on Zoopla and Rightmove.

Government agencies Ordnance Survey and Land Registry got confused by both brands last year when it mistakenly named Rentr among the latest businesses invited to the proptech section of their Geovation hub – a London workspace run by both organisations that funds and supports firms working on property-related technology ideas.

It was in fact GetRentr that was part of the hub.