Top 10 Proptech Companies in the UK
The UK rental market has grown exponentially since the turn of the century, through a combination of a contracting housing market and young professionals becoming increasingly mobile.
Since 2000, tenant expenditure on rent has tripled and in the 12 months up to March 2025, average UK rent increased by 7.7%. It’s also estimated that 19% of properties in the UK are privately rented, up from 10% in 2000.
And as with most industries, digital technologies such as software as a service (SaaS) and artificial intelligence are helping the real estate industry achieve faster, more scalable growth.
In this article, we’ll explore the UK proptech companies raising investment, and identify the UK’s top 10 companies based on the value of their most recent fundraising.
What is proptech?
Proptech, or property technology, covers a wide range of uses for technology in the real estate industry. These include matching buyers or renters with their ideal property, predictive maintenance, and the use of cleantech to make housing more sustainable.
Companies like Rightmove and Zoopla are now ubiquitous in the property market, bringing proptech into the mainstream as buyers and tenants scope out potential homes before visiting properties. Elsewhere, online estate agents such as Purplebricks have uprooted the traditional model.
However, emerging technologies including virtual reality tours, real estate management software, and fractional ownership services are also gaining in popularity as the industry moves towards making property purchasing, letting, and management more straightforward.
UK proptech trends in 2025
Our analysis of the proptech industry found that there are currently 749 active companies operating in the UK, with an impressive total of £1.68b raised from 2020 to 2024.
However, the industry is not without its challenges, such as cyber risk and the cost of compliance. The proptech sector is also becoming increasingly saturated, with the number of active companies more than doubling in the last decade from 377 in 2015 to a peak of 846 in 2023. Last year also saw the industry’s lowest investment figures since 2016, collapsing to 98 deals and £174m raised from their peak of 153 deals and £527m raised in 2021.
There are encouraging signs in 2025 however, with the value of deals already set to eclipse 2024’s figures. This is partly down to the completion of one of the largest-ever UK proptech deals for lettings company Placefirst.
Methodology
To create our top 10 ranking, companies must meet these criteria:
- Be headquartered in the United Kingdom
- Listed as ‘Active’ on Companies House
- Fall under both Beauhurst’s Proptech industry criterion
- Have received an equity fundraising in the last five years (April 2020 to April 2025)
We’ve then ranked these companies by the value of their most recent fundraising.
All data for this article was taken from the Beauhurst platform and accurate as of 23 April 2025.
Top 10 proptech companies in the UK
nPlan
Founded: 2017
Location: Tower Hamlets
Latest fundraising: £12.9m (March, 2021)
nPlan develops machine learning software designed to enable its clients to predict the outcomes of construction projects and de-risk them accordingly. The platform, which uses an AI model trained on over 750,000 historical schedules, is used by risk managers, construction planners, and portfolio directors.
Founded in 2017, nPlan has raised a total of £16.2m across three funding rounds. The company has also been awarded five grants worth £902k. In March 2021, the company secured £12.9m in funding, with Google Ventures among the investors. The funds were intended to facilitate platform expansion and the introduction of new products.
Goodlord
Founded: 2014
Location: Tower Hamlets
Latest fundraising: £10.0m (March, 2022)
Goodlord develops a software system to simplify the house letting process. The company allows the creation of tenancy agreements, collection of holding deposits, and signing of contracts via an online platform.
With eight rounds of fundraising worth a total £56.6m, Goodlord has made three acquisitions and appeared on no fewer than seven high-growth lists. Its latest round, worth £10.0m, was to accelerate growth plans, grow its product portfolio, increase its product and engineering teams, and fund potential acquisitions.
Tembo
Founded: 2020
Location: Southwark
Latest fundraising: £14.0m (November, 2024)
Tembo has developed an online savings and mortgage brokering platform designed to help users secure mortgages more easily. Also available via an app, the Southwark-based proptech company has raised £24.6m across four rounds and has a post-money valuation of £50.7m.
The business acquired Nude, a lifetime ISA savings app that enables users to track spending habits and predict timescales for purchasing a property, in 2024. Tembo’s latest fundraising of £14.0m in November 2024 was secured in order to scale its application and the introduction of new schemes to its mortgage product offerings.
OpenRent
Founded: 2011
Location: Hackney
Latest fundraising: £15.0m (October, 2021)
Hackney-based OpenRent operates a website for finding, advertising and managing rental properties. Aiming to facilitate rental agreements between responsible landlords and tenants, the company has raised three rounds of investment worth £20.4m and is a 20% scaleup, following the company’s rapid headcount growth.
Its latest fundraising, worth £15.0m, gives the company a valuation of £104m.
SenSat
Founded:2015
Location: Islington
Latest fundraising: £16.7m (October, 2022)
SenSat uses drones to provide high resolution land surveys for companies within the engineering and construction industries. Delivering these via a visualisation platform designed for the real estate and commercial development sectors, this proptech company helps with early detection of potential issues.
Founded in 2015, the company has raised £30.7m across five rounds, including its £16.7m round in 2022, which included the British Business Bank’s Future Fund as a participant. In January 2025, SenSat was acquired by the National Grid.
BOXT
Founded: 2012
Location: Leeds
Latest fundraising: £20.0m (January, 2022)
Leeds-based BOXT designs, manufactures, and installs mechanical and electrical systems, such as air conditioning units, boilers, solar panels, and electric vehicle chargers specifically for residential homes.
The latest round of fundraising, worth £20.0m, was secured to help develop its technology platform, to provide new heating systems, and to fund international expansion. A fast-growing proptech company, BOXT saw a 40% increase in turnover from 2022 to 2023 and has appeared on five high-growth lists.
Plentific
Founded: 2012
Location: City of London
Latest fundraising: £50.4m (August, 2021)
Plentific develops property management software designed to help landlords manage their properties, delivered via an online marketplace for booking contractors to do repair work.
The company’s latest round of £50.4m was designed to finance the company’s expansion into the US, and further investment in engineering and product development. Founded in 2012, Plentific has appeared on nine high-growth lists including the BusinessCloud proptech50 and FT1000.
IMMO
Founded: 2017
Location: Hammersmith and Fulham
Latest fundraising: £57.5m (April, 2022)
IMMO is a proptech firm that provides a digital house-buying service designed to streamline property sales. Its platform connects sellers, investors, and buyers, claiming to offer a more efficient alternative to traditional estate agency routes.
The company was incorporated in 2017 and has raised £69.7m across three equity funding rounds. Its latest round in April 2022 has been ringfenced to employ new people in its technology and operations teams, and to purchase new homes across Europe.
Causeway
Founded: 1999
Location: Buckinghamshire
Latest fundraising: £90.0m (June, 2021)
Causeway has developed software designed to assist in construction and maintenance management processes.
The proptech company, which was founded in 1999, has raised £90m from a single fundraising round and made 11 acquisitions including, most recently, construction telemarketing company Enhance Consultancy. Causeway has also appeared on three high-growth lists, including the Thames Valley 250.
Placefirst
Founded: 2009
Location: Salford
Total equity raised: £145m (January, 2025)
Topping our list is Placefirst, which in January 2025 secured the largest-ever raise reported by a UK proptech company. Placefirst operates a build-to-rent, residential lettings company which designs, builds and maintains its own neighbourhoods — many of which are built to energy-efficient specs, and include modern features such as EV charging.
Its latest raise of £145m, which included participants abrdn, GCM Grosvenor, and UBS Investment Bank was designed to develop and manage more than 6,500 single-family rental units.
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