United Kingdom-based proptech company Lavanda has raised $7.25 million to further develop its flexible rental platform that optimizes occupancy and revenue for residential apartment blocks.
European proptech and fintech venture capital firm Finch Capital led the round, with participation from U.S.-based Starwood Capital via European venture partner Concrete VC.
Founded in 2015, Lavanda’s property management software allows owners and operators of residential apartment buildings to tap into short- and medium-term rentals alongside conventional long-term tenancies.