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Property software firm Arthur raises over GBP1m

Property management software firm, Arthur has just raised GBP1,136,000 in its first round of funding, which was oversubscribed.

The fundraising was managed by the Chairman, Mark Jones who brought in five individual investors, handpicked to bring added value to the brand and aid substantial growth. London Business School investor group introduced 11 investors and the Deloitte Investor group brought five investors, resulting in a total of 21 external investors.
 
Arthur was established in 2014 and has experienced huge success in the UK and internationally.  It is currently used to manage over 50,000 units by over 4,500 property managers, across 27 different countries.
 
Jones says: “I have watched Arthur’s development since its inception and have been deeply impressed with the firm’s use of innovative technology, to build a ground-breaking software platform for property managers. 
 
“It’s well ahead of the competition with its suite of apps and its integration with comprehensive accounting and software platforms such as Xero, Quickbooks and Zapier, combined with exceptional property management functions, allowing property managers to have full control across the portfolio
 
“Over the last 12 years I have worked in the digital sector, heading up blue chip companies such as Ladbrokes and Lastminute.com and more recently, I have become an investor in Fintech and recruitment businesses. But, I have not been this passionate or excited about an investment for a long time. 
 
“Arthur’s potential is huge. It is a highly scalable business, featuring a technology platform that can be used by property managers, across a range of sectors, from residential lettings to social housing and student accommodation. From 2016 to 2017, Arthur’s income from paying property managers increased by 290%.  Arthur’s success to data is highly impressive, achieved by a dedicated, lean team with virtually no marketing spend, or outside investment.
 
“I look forward to seeing the highly talented development and management team achieve their ambitions to dominate the property software sector.”
 
Rochelle Trup, Finance Director of Arthur, says: “The property software market is changing rapidly and unlike many of our competitors, Arthur was designed with the twenty-first century in mind.
 
“Arthur is specifically designed from the ground up to work on as many digital platforms as possible and we are able to do this by not being, what is often described as, ‘legacy software’. This also gives us flexibility when improving our system.
 
“Arthur provides a suite of apps that allows property professionals to manage their portfolio from anywhere in the world, where they can connect to the internet. Automated actions can be set for almost everything, from sending a tenant a late rent notice, to a reminder that a gas safety certificate is about to run out.
 
“The goal of Arthur is to simplify the process of property management. The software was developed by property managers, for property managers to allow a group of interconnected stakeholders, to connect and share through a connected platform. No other software offers this sort of service at the time of creation and currently, no others offer portals to so many user groups, with such rich functionality.
 
“Arthur makes the job of a property managers simpler by giving them a ‘one-stop-shop’ for everything, automating a lot of the daily tasks and allowing them to manage from anywhere.  Ideally suited for any portfolio type or size, including student accommodation, social housing HMOs, together with agency and self-managing landlords.
 
“The forecast growth and expansion of Arthur in the UK and internationally will create great returns for our shareholders over the next two to three years.”

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