OpenRent raises £4.4m

Online letting agent OpenRent has raised £4.4m from Global Founders Capital.

The agent plans to use the funds to for additional product development and further expand its team.

Adam Hyslop, OpenRent co-founder, said: “Our success to date has been based on the twofold approach of saving landlords and tenants thousands of pounds in fees, while also delivering a significantly better service enabled by technology.

“This funding will allow us to grow our team in London – we want to expand our team of top developers to build our big ideas, and this gives us the extra resources and confidence to do so,” the co-founder continued.

Daniel Jones, managing partner at Global Founders Capital, added that the funding represented the next phase of growth for the London firm.

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