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Real Estate Platform Re-Leased Raises £12M For International Growth

Real Estate Platform Re-Leased Raises £12M For International Growth

04/29/22, 11:21 AM
Money raised
£12 million
Cloud-based property management platform Re-Leased has raised $15m (£11.9m) in a funding round led by JLL Spark.

Company Info

Company
Re Leased
Additional Info
Founded in New Zealand in 2013, the company has established an international presence with the opening of a UK office in Birmingham and a headquarters in London. The company also operates in the US and Australia.“At Re-Leased, we believe in the power of technology to shape the future of commercial real estate to drive better outcomes for people, property and the planet, and JLL Spark’s backing is a strong validation of this vision and the platform we’ve built,” said Re-Leased CEO Tom Wallace. “Commercial real estate needs to adapt to remain relevant and thrive in a post-pandemic world. ”With the addition of the new funds, the company has now raised a total of $24.8m, with the previous funding coming from an angel investment of $4.1m. The platform is already in use for the management of more than 50,000 properties and 100,000 leases worldwide, Re-Leased said. Re-Leased will use the new investment to continue the company’s international growth and for the development and release of new software products and partnerships. Re-leased is a platform for real estate firms to manage property portfolios, providing a technological boost to a traditionally slow-moving industry.