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- Plentific
Plentific Funding, Investors & Competitors
Plentific has raised $141M across 4 funding rounds, most recently a $100M Series C in August 2021.
Last Plentific funding round
$100M
Series C · Aug 2021
Cumulative funding Plentific raised
$141M
across 4 funding rounds
Key investors in Plentific
Round Hill Ventures
Target Global
noa
Mubadala
Highland Europe
Pi Labs
Brookfield Growth
1/0 Capital
About Plentific
Plentific is a London-headquartered proptech company providing a platform for property repairs and maintenance. Founded in 2013, it connects landlords, property managers, and trade professionals across the United Kingdom, United States, and Germany, serving residential, commercial, and social housing sectors with job management tools.
Founded
2013
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Subscription
Plentific Funding History
Plentific has raised a total of $141M across 4 funding rounds.
Plentific's first fundraising round was a $2M seed round in March 2015. The most recent completed round was a $100M Series C in August 2021.
Plentific funding rounds
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Aug 2021 | Series C | Brookfield Growth (lead); Highland Europe (lead); Target Global; Mubadala; noa; RXR Digital Ventures | $100M | Plentific is a London-based SaaS platform for smart property management, helping landlords and property managers launch and manage contractor supply chains for repairs and maintenance services. It operates a marketplace connecting property owners with over 16,000 contractors, managing more than 350,000 properties across the US, UK, and Germany as of the funding announcement. Clients include Barnsbury, Housing Plus Group, Hausio, Knight Frank, and Peabody, with properties under management growing 17x in the prior three years. On August 24, 2021, Plentific raised $100 million (equivalent to £72.89 million) in a Series C funding round led by new investors Highland Europe and Brookfield Technology Partners (Brookfield Growth), with participation from Mubadala Investment Company, RXR Digital Ventures, and existing investors A/O PropTech and Target Global. The funds are earmarked for accelerating US expansion, entering new geographies, growing headcount beyond the recent doubling to nearly 200 employees, and enhancing product development including IoT integration, asset management, machine learning, AI, and expanded CRM functionality for service providers. The company reported a phenomenal year of growth leading into the round, solidifying its UK and German markets while opening a US office, targeting a $2.5 trillion market opportunity in property and facilities management. Investors highlighted Plentific's powerful digital platform with exceptional tenant experience, positioning it as a go-to partner for leading property owners and a key player in digitizing the repairs and maintenance ecosystem to lower operating costs and drive efficiencies. The global property management market is projected to grow at a 9.3% CAGR to $28.21 billion by 2028, fueled by pandemic-driven digital acceleration and work-from-home shifts. Brookfield, as a major real estate owner and operator, brings expertise to support Plentific's global scaling. |
| Nov 2019 | Series B | noa (lead); Round Hill Ventures; Target Global | $32M | Plentific is a London-based property technology platform founded in 2013 by Emre Kazan and Cem Savas, offering a cloud-based solution for smart property management that digitizes repairs, maintenance, compliance, and voids management. It connects landlords, property managers, and tenants with a marketplace of over 16,000 local contractors, streamlining operations, reducing costs by around 25%, and speeding up service delivery fivefold while providing data-driven insights. Clients include major UK and German landlords such as Notting Hill Genesis, Peabody, L&Q, Grand City Properties, and Knight Frank, managing over 350,000 properties across the UK, Germany, and later the US. On November 14, 2019, Plentific raised $32 million (equivalent to £24.91 million or €29.1 million) in a Series B funding round led by A/O Proptech (noa), with participation from Target Global, Round Hill Ventures, PiLabs, and OneZero Capital. The round supports expansion into the professional and commercial real estate sector in Europe and a planned launch into the US multi-family market in 2020, accelerating product development and market growth amid rising demand for digitized property operations. The company has received accolades including UK Proptech Awards 2018 Deal of the Year, UK Housing Awards 2019 Professional Services Partner of the Year, and 24 Housing Awards 2019 Repairs and Maintenance Provider of the Year, underscoring its impact in the proptech space. Subsequent funding included a $100 million Series C in August 2021 led by Highland Europe and Brookfield Technology Partners, with total funding reaching approximately $165 million across rounds. |
| Jun 2018 | Series A | Round Hill Ventures; 1/0 Capital; Pi Labs | $7M | - |
| Mar 2015 | Seed | Wild Blue Cohort; Round Hill Ventures; Christian Faes | $2M | - |
Who has invested in Plentific?
11 investors have backed Plentific across its funding rounds, including Round Hill Ventures, Target Global, noa, Mubadala, Highland Europe and Pi Labs.
Lead investors include Brookfield Growth, Highland Europe and noa.
Plentific Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 3 | Participant | Mar 2015 | ||
| 2 | Participant | Nov 2019 | ||
| 2 | Lead | Nov 2019 | ||
| 1 | Participant | Mar 2015 | ||
| 1 | Lead | Aug 2021 | ||
| 1 | Participant | Mar 2015 | ||
| 1 | Participant | Aug 2021 | ||
| 1 | Participant | Aug 2021 | ||
| 1 | Lead | Aug 2021 | ||
This data is available for Pro users. Sign up to see all 11 Plentific investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialAcquisitions by Plentific
Plentific has acquired 2 companies to date.
Last acquisition by Plentific was on January 5th 2022. Plentific acquired TouchRight Software for undisclosed valuation.
Latest Acquisitions by Plentific
| Description | TouchRight Software is a Yorkshire, United Kingdom-based developer of property management tools for letting agents and landlords. The platform generates detailed inventory reports, condition inspections, and compliance documents, drawing from the founders' experience managing rental portfolios. | X Tag is a Manchester-headquartered provider of digital gas safety compliance platforms for UK landlords. Launched in 2017, its NFC-enabled Gas Tag app logs inspections by Gas Safe registered engineers, geo-tagging 500,000 annual certificates. The system integrates with Rightmove for tenant checks. X Tag serves 10,000 housing associations including Orbit Group, reducing compliance fines by 90 percent. |
| HQ Country | ||
| HQ City | - | Liverpool |
| Deal Date | 5 Jan 2022 | 19 Nov 2020 |
| Valuation | undisclosed | undisclosed |
| EV/Revenue | ||
| EV/EBITDA | ||
This data is available for Pro users. Sign up to see all Plentific acquisitions and their M&A valuation multiples. Start Free Trial | ||
Plentific Competitors
Plentific competitors include listed companies like Rocket Companies, KE Holdings, REA Group and CoStar Group, and private ones like Thumbtack and Roofstock.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | $400M | - | $3.2B | - | ||
| Publicly listed | $6.3B | $1.4B | $36B | 5.0x | ||
| Publicly listed | $14B | $734M | $18B | 1.0x | ||
| Publicly listed | $1.4B | $776M | $15B | 11.4x | ||
| Publicly listed | $3.2B | $183M | $12B | 3.3x | ||
| Private | - | - | $1.9B | - |
Plentific Public Comps
Plentific is still privately-owned, but its public comps include Amazon, Alibaba Group, Recruit Holdings, Uber, Booking Holdings, Pinduoduo, Airbnb, MercadoLibre, Prosus and DoorDash.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $717B | $161B | 3.9x | 3.5x | 17.5x | 13.8x | |||
| $153B | $15B | 1.7x | 1.6x | 17.5x | 13.0x | |||
| $24B | $4B | 6.4x | 6.0x | 37.9x | 25.2x | |||
| $52B | $6.2B | 3.0x | 2.8x | 24.9x | 14.6x | |||
| $27B | $8.3B | 4.9x | 4.6x | 15.9x | 12.4x | |||
| $64B | $14B | 0.7x | 0.7x | 3.1x | 2.8x | |||
| $12B | $2.4B | 7.2x | 6.5x | 36.3x | 18.2x | |||
| $29B | $3.7B | 3.5x | 2.6x | 27.2x | 25.1x | |||
This data is available for Pro users. Sign up to see all Plentific competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Plentific
| When was Plentific founded? | Plentific was founded in 2013. |
| Where is Plentific headquartered? | Plentific is headquartered in London, United Kingdom. |
| Is Plentific publicly listed? | No, Plentific is a private, VC-backed company. |
| How much funding has Plentific raised? | Plentific has raised $141M across 4 funding rounds. |
| What was Plentific's last funding round? | Plentific's last funding round was a $100M Series C in August 2021, led by Brookfield Growth and Highland Europe. |
| Who are Plentific's investors? | Plentific's investors include Round Hill Ventures, Target Global, noa, Wild Blue Cohort, Highland Europe, Christian Faes, Mubadala, RXR Digital Ventures, Brookfield Growth, 1/0 Capital and 1 other. |
| Which companies are comparable to Plentific? | Companies comparable to Plentific include Thumbtack, Rocket Companies, KE Holdings, REA Group, CoStar Group and Roofstock. |
| How many companies has Plentific acquired? | Plentific has acquired 2 companies, including TouchRight Software and X Tag. |
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