Dwelly Funding, Investors & Competitors

Dwelly has raised $138M across 2 funding rounds, most recently a $95M Series B in July 2026.

Last Dwelly funding round

$95M

Series B · Jul 2026

Cumulative funding Dwelly raised

$138M

across 2 funding rounds

Key investors in Dwelly

  • General Catalyst
  • s16vc
  • Begin Capital
  • EQT
  • DVC
  • Mati Staniszewski
  • Victor Riparbelli
  • Max Junestrand

Dwelly Overview

About Dwelly

Dwelly is a London-headquartered proptech firm that delivers an AI-driven platform for lettings and property management throughout the United Kingdom. The company integrates artificial intelligence to automate tenant sourcing, lease agreements, maintenance requests, and rent collection processes. Dwelly expands through strategic acquisitions of regional letting agencies such as Ellis & Co and Spicerhaart, incorporating over 200 branches into its network. This hybrid model combines traditional agency expertise with digital tools to serve landlords and tenants nationwide. Founded in 2017, Dwelly manages properties valued at billions in rental income annually across England, Scotland, and Wales.


Founded

2023

HQ

United KingdomLondon

Status

Privately held

Customer focus

B2B

Revenue model

Subscription

Dwelly Funding History

Dwelly has raised a total of $138M across 2 funding rounds.

Dwelly's first fundraising round was a $43M undisclosed-stage round in February 2026. The most recent completed round was a $95M Series B in July 2026.

Dwelly funding rounds

Dwelly funding rounds
DateStageInvestorsRaisedDeal Summary
Jul 2026Series BEQT (lead); General Catalyst; Victor Riparbelli; Max Junestrand; Mati Staniszewski; s16vc; Philipp Freise; Begin Capital; DVC$95MDwelly raised $170 million in a Series B financing in July 2026, structured as $95 million in equity and a $75 million debt facility. The equity round was led by EQT Growth and General Catalyst, with participation from Begin Capital, s16vc, DVC, and a group of founders and technology executives; Trinity Capital provided the debt facility. The company said the capital will support its strategy of acquiring UK letting agencies and building an AI operating system for lettings and property management. Dwelly’s fundraising is part of a roll-up strategy in the UK lettings market, combining acquisitions with AI automation to increase agent output and streamline operations. The company has described its platform as an AI-native operating system for lettings agencies, and prior coverage indicates it has already acquired multiple agencies and is using financing to accelerate further acquisitions and expansion. The financing mix suggests a growth-capital structure that includes both equity and acquisition/debt capital. Dwelly is a London-based proptech and vertical AI company focused on the UK rental and lettings market. It was founded by former Uber and Gett executives and operates by acquiring independent letting agencies and digitizing their workflows. Public coverage describes the company as aiming to consolidate a large UK lettings market and integrate its software across acquired agencies.
Feb 2026Undisclosed stageGeneral Catalyst (lead); s16vc; Begin Capital$43MDwelly is a London-based AI-enabled rollup platform that acquires and digitizes independent UK letting agencies, automating property management processes like tenant-landlord matchmaking, maintenance, and rent collection. Founded in 2024 by former Uber and Gett executives, the company integrates AI systems post-acquisition to reduce manual overhead and enhance efficiency. On February 25, 2026, Dwelly raised a £69 million funding round, comprising £32 million in equity led by General Catalyst with participation from Begin Capital and s16vc, plus a £37 million debt facility from Trinity Capital (equivalent to $93 million or €79.3 million across reports). The capital supports accelerated M&A across the UK, technology development, and national scaling toward a fully transactional rental marketplace with integrated fintech. By the round date, Dwelly had acquired eight to ten agencies, managing over £200 million in gross merchandise volume and reaching top-15 scale in under two years. The UK lettings market includes around 20,000 firms handling 5.5 million rental properties, generating over £100 billion in annual rent and £10 billion in agency commissions. Dwelly's model captures full agency P&L by owning and tech-upgrading operations, contrasting with software-only approaches that take 1.5-2%. Competition includes European rollups like Germany's Buena and Ralph automating lettings. Investors highlight Dwelly's consolidation of a fragmented market via AI and acquisitions, with ambitions for Western Europe (starting with France) and eventually the US. The round reflects momentum in AI-driven strategies, backed by Trinity Capital's growth capital expertise.

Who has invested in Dwelly?

9 investors have backed Dwelly across its funding rounds, including General Catalyst, s16vc, Begin Capital, EQT, DVC and Mati Staniszewski.

Lead investors include EQT and General Catalyst.


Dwelly Investors

Investors in Dwelly by funding rounds participated
InvestorHQRoundsRoleFirst check
General CatalystUnited StatesSan Francisco, CA2LeadFeb 2026
s16vcNetherlandsAmsterdam2ParticipantFeb 2026
Begin CapitalUnited KingdomLondon2ParticipantFeb 2026
EQTSwedenStockholm1LeadJul 2026
Victor RiparbelliUnited KingdomLondon1ParticipantJul 2026
Max JunestrandSwedenStockholm1ParticipantJul 2026
Mati StaniszewskiUnited KingdomLondon1ParticipantJul 2026

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Acquisitions by Dwelly

Dwelly has acquired 4 companies to date.

Last acquisition by Dwelly was on September 1st 2026. Dwelly acquired Paramount Properties for undisclosed valuation.


Latest Acquisitions by Dwelly

Paramount Properties
Move Property Sales & Lettings
Gallant Richardson
Lime Property
Description
Paramount Properties is a property agency. It handles residential sales and manages rental portfolios on behalf of owners.
Move Property Sales & Lettings is a residential real estate brokerage and property management firm. Move Property Sales & Lettings helps clients buy, sell, or lease properties by applying market knowledge and experience.
Gallant Richardson is a Bath-based estate agency in the United Kingdom specializing in residential sales and lettings. The partner-led firm handles properties in Somerset and surrounding areas, offering services from valuations to tenant management. It lists family homes, apartments, and period properties through Rightmove and Zoopla portals. Gallant Richardson provides full property management for landlords, including rent collection and maintenance coordination.
Lime Property is a real estate firm managing residential property portfolios in the United Kingdom. Operating from London, it handles sales, purchases, lettings, and maintenance for apartments and houses primarily in southern England. The company oversees more than 1,000 properties, providing tenant sourcing, rent collection, and compliance with UK housing regulations. Services extend to investment advice and portfolio expansion for landlords seeking long-term yields in markets like Manchester and Birmingham.
HQ CountryUnited KingdomUnited KingdomUnited KingdomUnited Kingdom
HQ City
London
Gloucester
Colchester
Hull
Deal Date1 Sep 202610 Jun 20261 Nov 202424 Sep 2024
Valuationundisclosedundisclosedundisclosedundisclosed
EV/Revenue
EV/EBITDA

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Dwelly Competitors

Dwelly competitors include listed companies like SAP and Snowflake, and private ones like EliseAI, ElevenLabs, Commure and Abridge.

Public and private companies comparable to Dwelly
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
EliseAIUnited StatesNew York City, NYPrivate$100M-$2.2B22.0x
ElevenLabsPolandWarsawPrivate$500M-$11B22.0x
CommureUnited StatesSan Francisco, CAPrivate$200M-$7B35.0x
AbridgeUnited StatesPittsburgh, PAPrivate$117M-$5.3B45.3x
SAPGermanyGermanyPublicly listed$42B$13B$248B5.4x
SnowflakeUnited StatesUnited StatesPublicly listed$4.7B($1.3B)$119B21.0x

Dwelly Public Comps

Dwelly is still privately-owned, but its public comps include CrowdStrike, SAP, Salesforce, ServiceNow, Snowflake, Adobe, Datadog, Moody's, Nebius Group and Workday.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
CrowdStrike$4.8B($12M)51.4x44.5x(19816.2x)151.0x
SAP$42B$13B5.8x5.4x18.4x17.1x
Salesforce$42B$13B5.5x5.2x17.8x12.2x
ServiceNow$13B$2.6B11.1x9.6x57.2x25.0x
Snowflake$4.7B($1.3B)25.6x21.0x(94.1x)121.7x
Adobe$24B$9.3B4.3x3.9x10.9x8.2x
Datadog$3.4B($588K)23.6x19.4x(137813.0x)77.6x
Moody's$7.7B$3.8B11.2x10.6x22.5x20.1x

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Common questions about Dwelly

When was Dwelly founded?Dwelly was founded in 2023.
Where is Dwelly headquartered?Dwelly is headquartered in London, United Kingdom.
Is Dwelly publicly listed?No, Dwelly is a private, VC-backed company.
How much funding has Dwelly raised?Dwelly has raised $138M across 2 funding rounds.
What was Dwelly's last funding round?Dwelly's last funding round was a $95M Series B in July 2026, led by EQT.
Who are Dwelly's investors?Dwelly's investors include General Catalyst, s16vc, Begin Capital, EQT, Victor Riparbelli, Max Junestrand, Mati Staniszewski, Philipp Freise and DVC.
Which companies are comparable to Dwelly?Companies comparable to Dwelly include EliseAI, ElevenLabs, Commure, Abridge, SAP and Snowflake.
How many companies has Dwelly acquired?Dwelly has acquired 4 companies, including Paramount Properties, Move Property Sales & Lettings, Gallant Richardson and Lime Property.

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