BEC FORWARD Alumni Property Filter, a West Midlands based data insights company, has raised an £584,000 seed round. The investment was led by £500,000 from the Midlands Engine Investment Fund (MEIF) through the MEIF West Midlands Equity Fund, managed by Midven, part of the Future Planet Capital Group, alongside a syndicate of angels.
Property Filter took part in BEC’s FORWARD Accelerator Programme throughout 2023, where it was clear to the team that this was a high potential business that was seeing rapid growth in users & revenue. This significant investment will enable the company to focus on its product development. Key milestones include launching a mobile app, extending AI capabilities, and integrating new service lines.
Guillaume Black, CEO of Property Filter says “This injection of funds is rocket-fuelling Property Filter’s mission to shake up property investment. Our mission is to revolutionise property investment through cutting-edge data insights, fuelling key initiatives like the launch of our mobile app and expanding our AI capabilities. This is a significant milestone for Property Filter, and we’re excited about the journey ahead.”
Property Filter’s SaaS platform was originally developed as an in-house tool to expedite the founder’s own property investment journeys. The tool aggregates and delivers data insights to facilitate property investment decisions. The platform leverages data to provide sourcing agents and property investors with a step-by-step blueprint to find opportunities within the market. The results are tailored towards the user’s individual investment strategies, streamlining the often-overwhelming volume of information provided when doing this research organically.
Property Filter is currently integrating its platform with education providers to make courses and programmes more effective. By doing so, they are providing insights that will allow mentees and students to achieve better results. This integration is a key element of future-proofing the brand and solidifying their place in the PropTech industry.
The UK property market is a vital part of the economy. A recent study showed that the industry generated a turnover of over £65 billion in 2022. Property Filter is well situated within this landscape to empower its customers with reliable data and insights.
“We are so proud to see Property Filter secure this investment”, said BEC Chief Executive Daniel Evans, “a strong product that has struck a chord with their target audience backed by a dynamic & ambitious team – the perfect recipe for success. We are proud to call them one of our own and this investment now brings funds raised by BEC alumni to a massive £70.5m”.
Surjit Kooner, Investment Director at Midven says “Property Filter has the technology that has the potential to streamline the due-diligence process, enhancing efficiency and broadening the scope of opportunities for professional investors. We are excited about being a part of their journey.”
Midven has supported Property Filter, providing strategic guidance to improve the Business’ investment readiness. With this substantial funding, the Company will continue to concentrate on enhancing its product range and services, with the Property Filter platform positioned to penetrate the PropTech market, aiming to become an agnostic platform for the property investor community and more.
As a community, BEC is excited to see what the future has in store for Property Filter and believe that they are ones to watch going forward as one of the region’s hottest tech businesses for 2024.
MEDIA CONTACTS:
Property Filter
Guillaume Black, CEO
guillaume@property-filter.co.uk
Midven
Amie
Digital Glue
0121 8289272
amie@digitalglue.agency
