Plentific
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Plentific - overview
Established
2013
Location
London, -, UK
Primary Industry
Software
About
Based in London, UK, and founded in 2013 by CEO Cem Savas and CTO Emre Kazan, Plentific Ltd. , operates as a property management company for landlords. In August 2021, Plentific Ltd. raised EUR 72.
8 million in a series C funding led by investors Brookfield Asset Management, Highland Europe, Mubadala Investment Company, and RXR Realty. The company works with various organizations in property, including L&Q, Peabody, Notting Hill Genesis, Grand City Properties, and Knight Frank to manage more than 350,000 properties across the UK, Germany, and the USA. Plentific Ltd. provides a software-as-a-service property management platform that connects landlords and property managers with repair and maintenance operation providers and contractors to deliver repairs and maintenance services solutions to tenants.
The company's software integrates repairs, compliance, and void management with a marketplace of more than 16,000 contractors to streamline property maintenance and provide the health status of a property portfolio. Plentific Ltd. plans to use its series C funding to grow its presence in the United States and accelerate its engineering and product development to increase digitalization across the property and facilities management space. The firm also plans to expand its offer for service providers and increase its customer relationship management (CRM) functionality to support the growth of contractors.
Current Investors
Pi Labs, Round Hill Capital, Target Global
Primary Industry
Software
Sub Industries
Web Applications, Analytics & Performance Software, Application Integration Software, Customer Relationship Management, Logistics Software, Commercial Property
Website
www.plentific.com
Verticals
Cloud Computing, Real Estate Tech
Company Stage
Series C
Total Amount Raised
Subscriber access only
Plentific - timeline of key events
Plentific - financials
| Fiscal Year Ended | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 |
|---|---|---|---|---|---|---|---|
| Revenue (USD) | - | - | - | 5,103,791 | - | - | - |
| % Revenue Growth (YoY) | - | - | - | - | - | - | - |
| EBITDA (USD) | - | - | - | (9,207,304) | - | - | - |
| Operating Income (USD) | - | - | - | (9,382,740) | - | - | - |
| Operating Margin | - | - | - | (183.8%) | - | - | - |
| % EBITDA Margin | - | - | - | (180.4%) | - | - | - |
| NET Income (USD) | (1,982,204) | (1,965,178) | - | (9,381,917) | - | - | - |
| % Net Margin | - | - | - | (183.8%) | - | - | - |
Plentific - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Trade Sale | Completed | Gas Tag Ltd | - |
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Plentific - employee data
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