BubbleStudent, a UK-based property marketplace app for students, has exceeded a £400,000 crowdfunding target following its most recent campaign. The investment was raised through the Seedrs platform at a pre-money valuation of over £3 million.
Founded by Felix Henderson and Sol Wright, the smartphone app has been designed to help university students find and manage rented accommodation. The marketplace currently lists over 200,000 student rooms across 20 UK cities, and allows students to view rooms, schedule viewings and even sign a contract.
The funding will be used to expand bubbleStudent’s proposition and growth across the UK and internationally, with funds also allocated for marketing and development.
Felix Henderson, CEO, said:
“The student rental market has long been in need of a drastic change, and we’re committed to simplifying the entire process for students across the UK; from the first discussion to signing the contract.
“We’re thrilled with the level of investor engagement for our first funding campaign on Seedrs, and we will be using the funds to continue our expansion across the UK and beyond.”
The platform also allows lettings agents and landlords to track real-time data on the student property market.