Residently Services (UK) Limited

Residently is a technology company that specializes in providing a comprehensive rental operating system to enhance the performance of residential rental assets for property managers and institutional landlords. Founded in 2017, Residently Services (UK) Limited operates out of London, UK. The company focuses on delivering a rental operating system that streamlines rental operations. In July 2022, it raised GBP 4.

5 million in funding led by Love Ventures, with participation from Felix Capital, LocalGlobe, and Seedrs. Shareq Husain currently serves as the CEO, with Noemi Staehelin and Tom Allason as founders. Residently specializes in providing a next-generation rental operating system designed to optimize the operational performance of institutionally-owned residential rental assets. The core product offerings integrate various functions such as marketing, offers, referencing, contracts, communications, payments, maintenance, services, and renewals into a single platform.

This comprehensive solution aims to automate repetitive tasks, transforming unstructured emails and data into structured workflows, ultimately saving property managers up to seven hours per lease. Residently primarily serves property managers, operators, and owners, allowing in-house and external teams to enhance the resident journey with seamless coordination and unified tracking. The platform is marketed primarily in the United Kingdom and several European markets, catering to a diverse clientele that includes institutional landlords and property management firms. Revenue generation for Residently is driven through a subscription-based model, where clients pay for access to the platform's suite of services.

The transaction structure typically involves property management companies or institutional owners subscribing to the platform to utilize its features, which may include onboarding support, data migration, and ongoing account management. Revenue is further supplemented by any additional services offered to clients, such as training and technical support. While specific pricing plans are not disclosed, clients engage with the platform based on the comprehensive nature of the services provided, which include tools for seamless communication, maintenance requests, and lease management. Residently's offerings are designed to deliver a streamlined experience for both property managers and tenants, positioning the company in a competitive landscape focused on enhancing rental operations.

In July 2022, Residently Services (UK) Limited raised GBP 4. 5 million in venture funding led by Love Ventures to enhance its operational capabilities. The company plans to utilize the funding to streamline operations for property owners and renters, reducing costs and delays throughout the rental experience. Future endeavors include the development of new product features aimed at further automating the rental process and plans for geographic expansion into additional European markets by 2024.