OnTheMarket invests in Glanty Ltd

February 18, 2020
Share this Post: 

OnTheMarket has invested for a 20 percent share in Glanty Ltd, the parent company and developer of automated lettings portal, Teclet. 

OnTheMarket has also agreed an option to acquire the remaining 80 percent of Glanty.

Their intention is to offer Teclet and, potentially, further technology solutions, to its agent shareholders and customers – the next step in achieving OnTheMarket’s mission to deliver a market leading, agent backed alternative to Rightmove and Zoopla.

OTM’s £797,00 investment in Glanty gives it a 20% share and further options.

The Glanty team all previously worked in the property agency sector and/or have experience of defining and delivering software solutions.

Glanty recognized the need for a platform to support customer journeys and Teclet launched in 2016. Since then, it has gained small, medium and large estate agency groups as customers.

Read more here

February 18, 2020

Subscribe to our mailing list to get the famous, free Friday newsletter!

News and analysis to help build better online marketplace businesses, in your inbox, every Friday

Related News

Nils K
Ringier's Nils Körber on ArtificiaI Intelligence, Training the Machine, and Talking about Problems

"What would you do with one million interns?" The award for the best question at the PropTech and Portal Watch...

Read More
Untitled Design 13
As OnTheMarket Hits 15,000 Advertisers, Zoopla Fights Back with Big Agency Deal

The British property portal Zoopla has announced a new long-term listings deal with Dexters, one of London's top agencies with...

Read More
Untitled Design 12
LeBonCoin Suffers Data Leak and Boliga Comes Under Cyber Attack on Same Weekend

LeBonCoin, the leading French horizontal marketplace owned by Adevinta, has acknowledged that some of its users' personal information was exposed...

Read More
Number 2S Challenging Hero Image 2
Analysis: Can Zoopla, Realtor.com and Domain See Off Challengers and Close the Gap to Market Leaders?

Well-funded challenger portals have been generating a lot of headlines in the industry recently. CoStar has been explicit about its...

Read More

Editor's Pick