UK Startup Housr secures £1.5million in funding. With a housing app that assists students in finding and arranging viewings as well as managing maintenance, landlord relations, and bill payments, Housr seeks to tackle the housing crisis.
Housr presently facilitates the rental process for both tenants and landlords by partnering with thirty letting agents based throughout the UK. By January 2024, the app is expected to have 30,000 users.
With the help of its commercial brand partners, the start-up has built a devoted community of students who receive benefits like rent reductions, a year’s worth of free pizza, and drink discounts.
Harry Panter, co-founder and CEO at Housr, asserts: “The latest generation of students demands this level of digitisation from the sector, and until now the archaic industry has been unable to provide it. Our ethos – built by students for students – serves this group.We understand what truly resonates with them. Our introduction of rapid peer-to-peer rentals will change how students find housing, making it cheaper and more efficient for all involved.”
Housr aims to expand to six cities in the UK and seven locations in the US after the most recent fundraising round. Along with hiring more staff for operations, marketing, and the campuses on which it operates, the company is going to hire 45 individuals.
Housr is the quickest, easiest way to locate student housing in Manchester. Harry Panter and Ben Clayton, two pals, founded the scale-up during their time in college. It is expected to break even in July 2024. It anticipates generating £2.4 million in yearly recurring revenue over the next 16 months from utility bills and brand collaborations.