A little known property management software firm, Arthur, has just raised £1,136,000 in its first round of funding, which was oversubscribed.
The fundraising was managed by chairman Mark Jones who brought in five individual investors. London Business School investor group introduced 11 and the Deloitte Investor group brought in another five, resulting in a total of 21 external backers.
Arthur was established in 2014 and has users both in the UK and overseas. It is currently used to manage over 50,000 units by some 4,500 property managers across 27 different countries.
However, relatively few agents may have heard of it, as there has so far been almost no marketing spend, no advertising and no PR.
Jones said the software was “well ahead of the competition”.
He said: “I have watched Arthur’s development since its inception and have been deeply impressed with the firm’s use of innovative technology to build a ground-breaking software platform for property managers.
“Over the last 12 years I have worked in the digital sector, heading up blue chip companies such as Ladbrokes and Lastminute.com, and more recently I have become an investor in Fintech and recruitment businesses. But I have not been this passionate or excited about an investment for a long time.
“I look forward to seeing the highly talented development and management team achieve their ambitions to dominate the property software sector.”
Rochelle Trup, one of the founders, said: “The property software market is changing rapidly, and unlike many of our competitors, Arthur was designed with the 21st century in mind.
“Arthur is specifically designed from the ground up to work on as many digital platforms as possible and we are able to do this by not being what is often described as ‘legacy software’. This also gives us flexibility when improving our system.
“Arthur provides a suite of apps that allows property professionals to manage their portfolio from anywhere in the world, where they can connect to the internet. Automated actions can be set for almost everything, from sending a tenant a late rent notice, to a reminder that a gas safety certificate is about to run out.
“The forecast growth and expansion of Arthur in the UK and internationally will create great returns for our shareholders over the next two to three years.”
Arthur was quietly launched in 2014 by David Cummin, and husband and wife team Rochelle and Marc Trup. Currently offering agents a free trial, it integrates with Zapier, which in turn allows integration with many other apps including Facebook and Dropbox.
I was reading this feeling a little excited. Been awhile since a new bit of property software entered the industry not looking to harvest data.
Sadly looking at the website just for lettings, also has a very odd pricing system charging you per property as opposed to a subscription rate. Good if you only have a handful of properties but very expensive if you have an ‘Average’ number of properties.
Also a raft of bolt-ons.
Sticking with our current provider.
You must be logged in to like or dislike this comments.
Click to login
Don't have an account? Click here to register
Smile Please, we are unleashing our v2 beast later in the year, if you want a preview please email me trevor@estateagent.me I would welcome your feedback.
You must be logged in to like or dislike this comments.
Click to login
Don't have an account? Click here to register
Trevor, I’ll have a look and give you feedback as well if you want;
in@agentv.co.uk
You must be logged in to like or dislike this comments.
Click to login
Don't have an account? Click here to register
Thank you, will get account setup for you shortly.
You must be logged in to like or dislike this comments.
Click to login
Don't have an account? Click here to register
Thanks Trevor,
The issue is i like the guys i am currently with and they are very reasonable.
Your system is actually on my radar. I am looking at a possible change in software provider and a re-design on my website. I may well be in touch.
You must be logged in to like or dislike this comments.
Click to login
Don't have an account? Click here to register
Hi
i just want to follow up on your comments.
Arthur is a system for anyone managing space. It’s a connected solution, connecting property managers with their tenants, agents, owners and contractors. Depending on your business type you can invite any combination of these users in unlimited numbers. Their access is either of web or apps from apple and android. We also integrate with Xero and later this year Quickbooks. Our clients are anything from student let’s, agents, social housing, private rental sector through to commercial space. We’ve just taken on a large student company with over 4000 rooms.
In this example they particularly like our tenant onboading and the ablity to personalise the tenant app and they are also integrating with Xero.
for any further info please don’t hesitate to contact us
You must be logged in to like or dislike this comments.
Click to login
Don't have an account? Click here to register
Is this platform aimed more at small operations and hands on landlords? 50k properties with 4.5k managers equates to just 11 properties per manager.
You must be logged in to like or dislike this comments.
Click to login
Don't have an account? Click here to register
I would hazard a guess you out grow the system very quickly if you are doing any real numbers,
You must be logged in to like or dislike this comments.
Click to login
Don't have an account? Click here to register
Hi
our solution is for all sizes. We are attracting interest from large student companies who like the idea of our bespoke tenant app through to social housing for our workflow management. The integration to Xero and Quickbooks is bringing clients of all types and sizes.
Please call us if you would like a tour
regards
You must be logged in to like or dislike this comments.
Click to login
Don't have an account? Click here to register