LettingaProperty.com plans to create 15 new jobs over the coming 18 months as it seeks to expand its service.

The Warwickshire-based PropTech company, which is managed by Mercia and part of the Midlands Engine Investment Fund and Mercia’s EIS funds, recently secured investment from the MEIF Proof of Concept & Early Stage Fund.

The firm raised £750,000 to develop further its plan to build a new letting platform for landlords and tenants, and this includes creating specialist roles within marketing, IT and development, supported in part by a Series A investment round next year.

LettingaProperty.com, which appointed Purplebricks’ former finance director Matthew Farrow as interim finance director, last month, will focus on securing further investment for the company, with a view to using technology to help improve the rental experience for both landlords and tenants.

Jonathan Daines, founder and CEO, LettingaProperty.com, commented: “Our ambitious vision started back in 2008 and is gathering real momentum, supported by this investment plus key board appointments.

“We are excited about our future growth potential and the opportunity to disrupt the traditional high street lettings model. We aim to make renting out your property long-term as easy as filling your holiday let on Airbnb, and become the go-to choice when renting out property.”

Former Purplebricks finance chief joins growing online platform