Reapit Ltd.
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Reapit Ltd. - overview
Established
1997
Location
London, England, UK
Primary Industry
Software
About
Reapit Ltd. , based in the UK, operates as a software provider delivering integrated solutions for the real estate sector. Their tools enhance efficiency for property agents and streamline management processes. Founded in 1997 and headquartered in London, UK, Reapit Ltd.
specializes in software solutions for the real estate industry. The company was acquired by Accel-KKR in October 2017, alongside its management, to enhance growth and innovation. Mark Armstrong is the CEO, leading the firm since its inception. Reapit specializes in providing comprehensive property agent software solutions tailored for the real estate industry.
Their core product offerings include a Sales CRM, Lettings CRM, and Property Management solutions, all designed to streamline operations for estate agencies of various sizes. The platform incorporates advanced features such as intelligent prospecting, automation of administrative tasks, and powerful reporting tools to enhance client relationships and facilitate business growth. By automating processes such as property listings and communications, Reapit enables agencies to increase efficiency and improve conversion rates. Their software serves a diverse client base, including thousands of estate agencies and lettings agents across the UK and internationally, with a particular emphasis on enhancing user experiences for property agents, landlords, and tenants.
In the most recent year, 2024, Reapit reported a revenue of USD 31. 00 mn and an EBITDA of USD 3. 17 mn, primarily generated through subscription models for its software products, which are tailored to the operational needs of estate agencies and lettings firms. Reapit plans to leverage its acquisition by Accel-KKR to accelerate growth and innovation while enhancing its product offerings.
The company is expected to focus on expanding its technology solutions and potentially entering new geographic markets. Specific upcoming products and enhancements are in discussion but details have not been disclosed. The funding from the acquisition will serve to support these strategic initiatives.
Current Investors
PayProp/Reapit
Primary Industry
Software
Sub Industries
Web Applications, Analytics & Performance Software, Application Integration Software
Website
www.reapit.com
Verticals
Cloud Computing, Real Estate Tech
Company Stage
Add-on
Total Amount Raised
Subscriber access only
Reapit Ltd. - timeline of key events
Reapit Ltd. - financials
| Fiscal Year Ended | May 31, 2015 | May 31, 2016 | May 31, 2017 | May 31, 2018 | May 31, 2019 | May 31, 2020 | May 31, 2021 | May 31, 2022 | May 31, 2023 | May 31, 2024 | May 31, 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 6,661,499 | 7,414,266 | - | 11,061,580 | 13,363,737 | 15,568,526 | 15,226,521 | 19,295,881 | - | - | - |
| % Revenue Growth (YoY) | - | 11.3% | - | - | 20.8% | 16.5% | (2.2%) | 26.7% | - | - | - |
| EBITDA (USD) | 666,092 | 51,821 | - | 2,952,374 | 2,494,674 | 1,158,744 | 3,102,037 | 3,475,317 | - | - | - |
| Operating Income (USD) | 547,789 | (91,402) | - | 2,803,574 | 2,342,158 | 946,231 | 2,904,661 | 3,279,703 | - | - | - |
| Operating Margin | 8.2% | (1.2%) | - | 25.3% | 17.5% | 6.1% | 19.1% | 17.0% | - | - | - |
| % EBITDA Margin | 10.0% | 0.7% | - | 26.7% | 18.7% | 7.4% | 20.4% | 18.0% | - | - | - |
| NET Income (USD) | 523,773 | (79,942) | (108,786) | 2,838,571 | 2,291,714 | 2,521,770 | 2,853,507 | 3,210,456 | - | - | - |
| % Net Margin | 7.9% | (1.1%) | - | 25.7% | 17.1% | 16.2% | 18.7% | 16.6% | - | - | - |
Reapit Ltd. - 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) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | MoveMeIn | - | ||||||||
| Add-on | Completed | InspectRealEstate | - | ||||||||
| Add-on, Trade Sale | Completed | Console Australia Pty Limited | - | ||||||||
| Add-on | Completed | Agentpoint Pty Ltd | - | ||||||||
| Add-on | Completed | Agentbox | - |
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Reapit Ltd. - employee data
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