Street Group, a provider of vertical software and AI for the UK residential property sector, has secured a strategic growth investment from Hg. This values the company at over €233.8 million (£200 million). Street Group was previously backed by Manchester-based PXN Group.
With this funding, the company plans to accelerate product innovation and deepen its AI capabilities.
Heather Staff and Thomson Staff, CEOs and co-founders of Street Group, said, “We built Street to fundamentally change how estate and letting agents work, and AI is central to that mission. In Hg, we have found a partner who shares our long-term ambition, our product focus, and brings genuine depth of experience and operational expertise in scaling software and AI businesses. This partnership allows us to invest even more in our products, our technology and our people, while staying true to the culture and obsessive customer focus that have defined Street from the start.”
Louis Kinsella, Partner, Hg, said, “Street is exactly the kind of business we love to back. It’s a category leader with a technical edge, loved by its customers, and is deeply embedded in their daily workflows. Heather and Tom are an exceptional founding team who have built something rare, combining genuine product innovation with accelerating growth, as the industry moves towards them and away from legacy solutions. We are excited to support the next phase of their journey.”
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