Housr, the innovative student living startup today announced the successful acquisition of £1.5 ($1.9m) million, marking 30 percent of its targeted £5 million funding round.
Housr aims to address the pressing student housing crisis through its housing app, streamlining the entire housing process for students. From booking viewings to managing maintenance, landlord communications, and bill payments, the app provides a comprehensive solution.
Currently collaborating with 30 UK-based letting agents, Housr simplifies the rental journey for both tenants and landlords. The app is poised to reach 30,000 users by January 2024.
Founded by university friends Harry Panter and Ben Clayton, Housr anticipates breaking even in July 2024. Leveraging brand partnerships and utility billing, the startup projects an annual recurring revenue of £2.4 million over the next 16 months.
Housr has cultivated a devoted student community, offering rewards such as rent discounts, a year’s supply of free pizza, and exclusive deals on drinks through partnerships with commercial brands.
Harry Panter, CEO of Housr, emphasized the necessity of digitization in meeting the demands of the latest generation of students. The startup, built by students for students, plans to revolutionize the student housing landscape with the introduction of rapid peer-to-peer rentals, promising a more cost-effective and efficient housing search experience.
With this recent funding injection, Housr envisions expanding its presence to six UK cities and seven US cities. The startup also plans to grow its team to 45 members, hiring in key areas such as operations, marketing, and on the campuses it serves.