Bold & Reeves Looks To Secure £5million In Series A Funding For The Expansion Of Its PropTech Platform
Bold & Reeves, London’s leading provider of luxury property management services, is looking to secure £5 million in Series A funding for the expansion and evolution of its PropTech platform. The first £2 million of this Series A round has already been secured through an existing investor and the remaining funds will be used to launch an improved property asset management platform to the open market.
With a military and technology background, Bill Shipton founded Bold & Reeves nine years ago whilst running a single family office for a middle eastern family. He wanted to create a solution for UHNW homeowners, providing super-prime residential management in London’s most desirable areas.
Bold & Reeves treats a property like a jet, yacht or car, all of which require proactive preventative maintenance, and have log books that record that activity. Bill conceived the idea of a property logbook and built a platform that now runs B&R’s business as well as providing clients with transparent visibility about what has and will happen in their properties and what it costs to run them. The platform allows B&R’s Property Managers to utilise a number of PropTech solutions, including remote monitoring, to streamline the management and upkeep of these properties whilst bringing down the total cost of ownership.
Bold & Reeves currently manages over 140 properties – 1 million sq ft of super-prime residential assets in London and the home counties. Having seen the benefit to its own business and its clients of their proprietary platform, Bold & Reeves has started licensing it internationally and this funding round will enable the expansion of their licensing model to established property managers, large family offices and investors who would all be managing or have access to large residential assets across the world.
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