Manchester-based student living platform Housr has closed its £7.5m series A round to fuel its product innovation and geographic expansion.
The free-to-use Housr app is used for a variety of student living tasks, offering rental and housemate searches, bill splitting and rewards.
The financing included strategic participation from Ashta Capital and Juniper Equity, two Texas-based private investment firms that invest in growth-oriented operating companies. House has recently undergone a period of hyper-growth that saw 186% year-on-year revenue growth.
“The market is rapidly shifting towards demand for an all-in-one student OS with the home at the heart of everything, and our platform is uniquely positioned to capitalise on that demand,” said Harry Panter, cofounder and CEO of Housr.
“Ashta Capital’s strategic involvement underscores the strength of our mission and positions us to accelerate growth across key university markets across the US, along with the rollout of new products that will genuinely change the way students rent but also interact with their finances and everything that is not their degree, whilst at university.”
The series A capital will be deployed across product innovation, talent acquisition and market expansion. Housr’s aim is to service 1,000,000 students across the UK and US within the next 12 months.
Earlier this month, Housr and the University of Birmingham (UoB) signed a student living partnership to modernise the university’s off-campus housing processes, promote their UoB approved landlord membership scheme, and increase engagement with its students.
