Dwelly Has Raised £69M in Funding to Expand Its AI-Enabled Rental Marketplace

Dwelly, a London-based property management platform that acquires and digitises independent letting agencies, has secured over £69 million in funding to accelerate its expansion across the UK. The round was led by General Catalyst, with participation from Begin Capital, s16vc – Founders for Founders Fund, and Trinity Capital.

Following each acquisition, Dwelly integrates its AI-enabled operating system to automate key functions, reduce manual workload and standardise service quality. As the portfolio grows, the company leverages aggregated operational data to further train and refine its AI models.

“We have crossed 10,000 properties under management, placing Dwelly among the UK’s top 15 largest letting agencies in less than 2 years – an unseen speed of growth for letting agencies. Our vision is to build an end-to-end platform evolving into a fully transactional rental marketplace with a robust fintech layer for rent collection and ancillary products,” said Ilia Drozdov, Co-Founder and CEO of Dwelly.

“AI is shaking up industries. The UK’s letting market is the perfect target for AI to simplify operations, boost tenant satisfaction, and skyrocket agent output. Dwelly leverages AI to supercharge agency performance and empower staff with smart tools, streamlining landlord-tenant-agency interactions for better efficiency and customer experience,” said Dan Lifshits, Co-Founder and CPO of Dwelly.

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