Housr, a startup dedicated to addressing the housing crisis, has initiated a £5 million growth funding round to propel its ambitious expansion plans in both the UK and USA. Based in our community in Department Bonded Warehouse, co-founders Harry Panter and Ben Clayton created the business during their university days. Housr has been an incredible success story so far, having already secured 30% of the targeted funds through existing investors, primarily led by venture partner Bachmanity. Housr aims to revolutionise property listings, rentals, and management and invites investors from both sides of the Atlantic to join its mission.
Housr projects to breakeven in July 2024 and anticipates an annual recurring revenue of £2.4 million over the next 16 months. Following the funding round, the startup plans to expand to six cities in the UK and seven in the US, along with generating even more jobs to grow its operational, marketing and campus-led teams.
Harry Panter, CEO of Housr, was quoted in an interview with Prolific North, “Our intuitive and frictionless app streamlines each step of the rental process, from search to management and utilities.” The app, expected to reach 30,000 users by January 2024, collaborates with 30 UK-based letting agents, averaging 73 rentals per week on its platform.
Likened to the synonymous swiping dating apps, Housr allows students to swipe easily through listings and schedule viewings. You could even say student house hunting has become enjoyable thanks to the groundbreaking app!
We can’t wait to hear more about Housr’s success!
