Reapit lands £20M+ from Accel-KKR to boost AI and platform
What's the deal? ReapitDealroom has a profile for this one. Try Dealroom →, a London-based provider of an end-to-end technology platform for real estate agencies, has raised more than £20M in growth equity from Accel-KKRDealroom has a profile for this one. Try Dealroom →. The investment values the round at roughly $27M.
What does Reapit do? Led by chief executive officer Mark Armstrong, the company offers software spanning sales CRM, lettings, property management, and consumer engagement. Its platform connects agents with buyers, sellers, tenants, and landlords in a single system.
What's the scale? Reapit serves more than 92,000 agents across over 18,000 branches globally, with more than 1.3 million properties under management.
What's the money for? Reapit plans to accelerate innovation across its platform, consumer technology, and artificial intelligence capabilities.
The signal: Backing from Accel-KKR, a firm focused on software and tech-enabled businesses, points to continued investor appetite for proptech platforms consolidating agency operations into one system.
Image credit: Reapit
