Proptech Funding Roundup: KrispyHouse, Keyper, RE-TEC

Welcome to this week's funding roundup, with a few notable raises worth sharing, starting in the UK...

UK rentals portal KrispyHouse raises $1.6 million

The British rentals marketplace KrispyHouse has raised £1.3 million (USD 1.6M) from an undisclosed investor.

Krispyhouse says it will use the funds to expand its offering outside of London and invest more heavily in product development.

The marketplace launched in October 2023 as a 'dating service' for tenants and landlords, giving both parties access to instant messaging and sending notifications to tenants when suitable properties become available.

The platform is free to use for all landlords and letting agents, and the company says over 500 agents per month advertise their properties on the KrispyHouse platform.

Anthony Kyriacou, CEO at KrispyHouse, said:

"Having spent three years developing our product and building a great team, we launched to market last October and quickly received strong uptake.

"This extra funding will help us boost both revenue and market share as well as giving estate agents exceptional value via quality leads and innovative tools to help them increase their market share of property instructions."

Keyper raises $4M pre-Series A round

Dubai-based "rent now, pay later" platform Keyper has raised a Pre-Series A round worth $4 million in equity funding from lead investors BECO Capital and Middle East Ventures Partners.

Previous investors including Vivium Holdings, Jabbar Internet Group and Signature Developers participated in the round, while new investors Annex Investments, Pin Investment, and Al Qahtani Investment also took part.

Keyper has also raised $30 million in Shariah-compliant sukuk financing from global asset manager Franklin Templeton Investments on top of a seed round worth $6.5 million raised by Access Bridge Ventures and Vivium Holdings.

Keyper is a real estate investment and management app for landlords that automates daily tasks and allows them to monitor their portfolios in real-time. The startup says it is processing over $10 million in annual rental payments on its platform.

The Emirati-based PropTech, founded in 2022, recently added a direct debit rent payment solution for tenants based in Dubai.

RE-TEC Solutions announces strategic investment from REdimension

South African proptech RE-TEC has announced an undisclosed strategic investment from the REdimension Real Estate Technology and Sustainability Fund, a fund advised by REdimension Capital.

RE-TEC is a provider of intelligent technologies aimed at revolutionising the management of retail property assets such as shopping centres.

Aileen Rodel, Co-Founder and CEO at RE-TEC, said:

"Our vision at RE-TEC is to create a seamlessly connected ecosystem where retail, real estate, and technology solutions converge to redefine how property is managed.

"We are committed to continual innovation within the industry to enhance asset value, operational performance and drive sustainability outcomes, and are excited to partner with REdimension who share this commitment."