Yorlet,‘the Shopify of property’ lands £350K funding led by Goldsmith Ventures 

Funding 

London-based Lettings & Fintech platform, Yorlet, this week announced a £350k seed round. Led by Goldsmith Ventures, this latest raise follows a highly profitable 2021 and will contribute towards the continued growth of the company and customer-base. 

Founders 

Yorlet was founded by good friends Max Cartwright (CEO) and Will Stenhouse (CTO) born out of the frustration they experienced as tenants whilst living together. 

Growth 

– SaaS growing 15% MoM 

– £20m+ payments volume 2021 

– Customer base grown 120% YoY 

– 100% customer retention 

Use of funds 

The raise will support Yorlet to continue their growth towards a Series A with plans to grow the product, engineering and sales teams. Yorlet has ambitions to become the leading provider of software and payments to the £85b U.K. rental market with market-leading customers across all verticals. 

Yorlet 

Yorlet provides powerful and intuitive tools for digitising and growing property managers’ rental businesses. 

Yorlet’s fully integrated suite of products is designed and built for property businesses of all sizes – from independent and boutique to large enterprises. It’s compatible with a variety of asset types and ownership structures: PRS, BTR, PBSA, Social & Co-living.

Yorlet allows property managers to effortlessly create tenancies, automate payment collection, make frictionless payouts and onboard landlords with ease. 

Goldsmith Ventures 

Goldsmith Ventures is a new specialist venture FinTech, PropTech and InsurTech firm from Pringle Capital – one of the UK’s largest angel networks. Founded by podcaster and former founder James Pringle, Goldsmith Ventures is launching an EIS fund in April 2022 and Yorlet is one of a handful of deals Goldsmith Ventures has invested in ahead of the fund launching. 

www.yorlet.com