Dwelly

Dwelly, a UK proptech company focused on an AI operating system for lettings agencies, has successfully closed a £128 million ($170 million) Series B funding round. This financing, led by EQT Growth, will be used to advance its AI-native platform, acquire more independent agencies, and expand its footprint in the UK's private rented sector.

Summary of transaction details:

• Value: £128 million ($170 million), comprising £71.4 million ($95 million) in equity and a £56.3 million ($75 million) debt facility.
• Sector: DeepTech & AI (Proptech)
• Advisor: Not mentioned
• Key Entities: Dwelly (Target), EQT Growth (Lead Investor), General Catalyst, s16vc, Begin Capital, DVC, Trinity Capital (Debt Facility Lead).
• Location: UK

Note: This significant capital injection highlights investor confidence in Dwelly's AI-powered solution to automate transactional processes within the UK lettings market, enabling greater efficiency for tenants, landlords, and agents while maintaining human oversight for critical relationship management.