Thursday, February 22, 2024
HomeFunding Bristol-based Hybr Secures €3.7 Million in Seed Funding

[Funding alert] Bristol-based Hybr Secures €3.7 Million in Seed Funding

Hybr, based in Bristol, secures €3.7 million in startup funding, creating a new standard for the student renting market.

Hybr, based in Bristol, secures €3.7 million in startup funding, creating a new standard for the student renting market.

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Several investors have backed this funding, including Blackwood Ventures, Adjuvo, Alec Dent as part of the Atomico Angel Programme, and individuals like Hannah Rothschild, Rosemary Leith, Evelyn Bourke, the former CEO of Bupa, and the former CEOs of The Office Group.

Founder and CEO Hannah Chappatte commented: “I am proud that we have secured an oversubscribed Seed Round, especially against the backdrop of this year, which has been a challenging time to raise capital. The funding marks the start of the positive impact we can have on the student rental space, and will enable us to accelerate our growth across the UK. We plan to launch in 20 key university cities in the coming 12 months.”

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Currently present in 10 major UK cities—including London, Bristol, Manchester, Liverpool, and Sheffield—Hybr uses a reliable platform to compile all of the homes that are available for young people through both institutional and private landlords in one convenient location.

Abbas Kazmi of BlackWood Ventures said, “We are excited to be leading Hybr’s seed round, as they disrupt the market for first time renters. Their platform provides a much needed solution for all participants in the ecosystem from first time renters to agents, operators and landlords, and we have been hugely impressed by their progress so far. We look forward to being part of Hybr’s journey on their important mission to revolutionise a space that has been overlooked and underserved for too long. We can’t wait to see them scale their offerings and truly believe that they have the right team in place to deliver on their ambitious plans,”.

Mark Foster-Brown, CEO of Adjuvo, said: “We were interested as soon as we saw Hybr’s proposition, as many Adjuvo members know first-hand the difficulties that arise from looking for, and securing, accommodation at the outset of university courses. Hybr has approached this market with a complete focus on the student’s experience, whilst making the process significantly easier for landlords. We are very excited to support Hannah and her team, as they scale up rapidly in the UK.”

About Hybr

Hybr is a curated website for first-time renters, including recent grads and students, that was founded in 2020. Hybr provides landlords a connected, best-in-class lease-up experience by connecting youthful renters with pre-screened and supported landlords. Young renters can use Hybr’s service for free.

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