£73m for Plentific expansion

Business

Naomi Ackerman @nomiackerman

PROPERTY-TECH firm Plentific has raised $100 million (£73 million) from international investors to fuel a rapid expansion in the US. Canadian investment giant Brookfield’s growth arm and Abu Dhabi sovereign wealth fund Mubadala are among those putting cash into the London-based property management software provider. Plentific launchedin 2013 and caters to landlords in the UK and Germany seeking repairs and maintenance at scale, minus the hassle. Clients include Peabody and Knight Frank. It has raised over £100 million to date. Last year it doubled its headcount to 200 employees and opened its first US office. Co-founder Cem Savas said it wants to “become the de facto digital partner for landlords and service providers across the world”.