Investment and Funding Roundup: Dwelly, Lhoopa, Flent

This week's investment and funding roundup starts with an acquisition in the UK...

AI-Enabled marketplace Dwelly acquires Lime Property

Dwelly, an AI-enabled letting and property management marketplace, has expanded its portfolio by 1,000 properties following the buyout of Lime Property the leading estate and lettings agency in Hull.

Dwelly offers an AI-enabled lettings and property management marketplace. It is the first full-stack B2B platform in the UK, tailored to automate tenant management, payments, and post-rental property maintenance.

The integration automates business processes, transforming traditional agencies into tech-enabled digital lettings platforms within two months. Additionally, it helps landlords find tenants in just one day and ensures agencies remain compliant with minimal human intervention.

Dwelly’s technology empowers property managers to focus on critical tasks instead of repetitive ones, delivering greater value to both landlords and tenants.

Ilya Drozdov, CEO & Co-Founder of Dwelly. said:

"In the past three years, the UK real estate market has experienced numerous M&A deals, with over 20,000 agencies operating. Traditionally dominated by international giants and private equity firms lacking in technical expertise, these deals have often struggled with digital transformation. Dwelly aims to bridge this gap by using advanced technology to boost operational efficiency and drive innovation in the sector."

Lhoopa raises $9.5 million in funding

Lhoopa has raised $9.5 million as part of an $80 million debt and equity round announced in April.

The Philippines-based proptech startup raised the money from investors including Pavilion Capital (owned by Singapore's sovereign wealth fund Temasek Holdings) 10X Group, Wavemaker Partners and a co-investment vehicle of the International Finance Corporation.

Lhoopa uses machine learning and AI to identify neighbourhoods with potential for real estate development and collaborates with 100 contractors on renovation and construction, as well as more than 4,000 realtors - and additionally eases bureaucratic processes via digitalisation.

Lhoopa was originally a brokerage, co-founded by CEO Marc-Olivier Caillot and president Sabrina Tan in 2018.

Indian startup Flent raises $724,000 in pre-seed funding

India-based renting platform Flent has raised 6.5 crore rupees (circa $724,000) in pre-seed funding in a round led by WEH Ventures.

Other participants include US-based 2 AM Ventures, Pareto Holdings, and angel investors.

Flent says it will use the funds to expand its core team and further develop its full-stack renting platform.

Flent's platform, currently limited to Bangalore, lets tenants move into Fully furnished, designer homes with no brokerage system. The company already has 120 rooms on its portal and says it fills tenancies within 10 days of a new listing going live. There is currently a waitlist of over 500 people waiting to be housed via Flent's marketplace.