Dwelly Raises $170 Million in Series B Funding to Expand AI-Powered Property Management Platform
Top Picks
Stay Ahead of the Market
Get the latest startup funding, hiring trends and global opportunities delivered to your inbox every week.
Dwelly Secures $170 Million in Series B Financing
London-based Dwelly has raised $170 million in Series B financing to accelerate the expansion of its AI-native operating system for residential lettings.
The round was co-led by EQT Growth and General Catalyst and included $95 million in equity financing, with participation from s16vc, Begin Capital, DVC, Philipp Freise, and the CEOs of Legora, Synthesia, and ElevenLabs.
The financing also included a $75 million debt facility from Trinity Capital.
Led by CEO Ilya Drozdov, Dwelly develops an AI-powered platform that automates residential lettings and property management operations.
Automating Residential Lettings with AI
Dwelly's AI-native operating system streamlines a wide range of property management workflows, including:
Tenant inquiries and onboarding
Rent collection
Maintenance coordination
Regulatory compliance
Contract management
Communication between landlords, tenants, contractors, and property managers
The company currently manages more than 15,000 properties and oversees £350 million in rent roll across the United Kingdom.
Supporting Expansion Across the UK and Europe
The newly raised capital will be used to acquire independent property agencies throughout the UK and integrate them into Dwelly's AI platform.
The company also plans to deepen AI automation across lettings and property management, develop new financial products for landlords and tenants, and expand into selected European markets.
The investment supports Dwelly's strategy of modernizing residential property management through AI-driven automation.
