University Cribs

University Cribs is an online platform specializing in student housing, offering streamlined utility management services for shared accommodations to ease the transition for students and young professionals in the UK. Founded in 2014 in Cardiff, UK, University Cribs provides innovative solutions for student housing. The company has undergone a strategic focus on utility management for tenants. Its founders include Christian Samuel, Dan Jefferys, and Jack Jenkins, with Dan Jefferys currently serving as CEO.

In November 2017, University Cribs raised GBP 459 thousand in Seed funding, valuing the company at GBP 2. 44 million post-money. To date, the company has completed 2 deals, with the latest deal occurring on November 14, 2017. University Cribs offers utility bill management solutions tailored specifically for students and housemates.

Their core service bundles energy, water, internet, TV licensing, and council tax into a single monthly bill, simplifying payments for users. Each housemate is charged directly based on their specific usage, which eliminates the need for negotiations or cash exchanges among roommates. This service enables customers to set up utilities for their tenancy, generally starting from a minimum of three months, thus catering to the needs of students and young professionals in the UK housing market. University Cribs generates revenue through subscription-based billing that covers utility management services.

Customers pay a single monthly fee that includes their proportional share of household bills. The pricing structure allows for customization, including options for renewable energy and ultrafast internet. Revenue is derived from direct transactions with end users, which benefits from streamlined billing and competitive pricing policies that match any like-for-like quotes found elsewhere. In November 2017, University Cribs raised GBP 459 thousand in Seed funding to support their growth initiatives, just after their latest deal.

The funding has been earmarked for expanding their service offerings and enhancing platform features aimed at improving user experience. The company is also exploring opportunities to expand into additional UK cities, targeting major student populations by 2019. Future products in development focus on further simplifying the utility management process, with specific launches planned within the next year.