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

People Roundup 26 July 2024
People Roundup: REA Group, Hometime, Avito

This week's people roundup features three big hirings in Australia and Russia. We'll start Down Under...   REA Group appoints...

Read More
Rightmove 1
Rightmove Posts Profits of £135 Million and Reveals £3 million Investment in Coadjute

The market-leading British property portal, Rightmove has released a report on its performance for the first half of 2024 showing...

Read More
Product Roundup 26 July 2024
Product Roundup: Zillow, Zoopla, AtHome, SeLoger, View.com.au, Domclick

This week's product roundup is a big one. We'll start in Asia and Oceania this time...   AtHome.jp launches new...

Read More
Ten Questions With...backflip 1
Ten Questions with Josh Ernst, CEO at Backflip

"We believe value-added real estate investing that leverages the right decision-making tools can succeed in just about any market condition."...

Read More

Editor's Pick