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Residently

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Residently is building the brand for the world’s $2 trillion long term home rental market.

163%
 - 
Closing soon
£1,250,000 target
£2,047,630 from 528 investors
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Business overview

Location London, United Kingdom
Social media
Website residently.com/
Sectors Property Digital B2C
Company number 10834962
Incorporation date 23 Jun 2017
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Investment summary

Type Convertible
Discount 20%
Tax relief N/A
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Business highlights

  • 47x growth in homes over 2 years, 84% MAU, 4.8/5 on Trustpilot
  • Founders previously sold Shutl to eBay in 9 figure deal
  • Backed by investors inc. Felix Capital, LocalGlobe & AO PropTech
  • Also raising via a SAFE (£2.4M raised). EIS application submitted
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Key features

  • Secondary Market
  • Seedrs nominee min. £10.00 +

Learn more about convertible campaigns.

Idea

Introduction

Renting sucks.

In a world where we expect to secure a taxi, takeaway or trip away in seconds, why do we tolerate friction and uncertainty where we spend most of our time and money? The mad scramble every time we need to move complete with endless paperwork and limitless anxiety.

Our super-app unifies the rental lifecycle, helping renters find, secure, live in and move home seamlessly.

Imagine a world where renters can:

Secure their next home months in advance, before giving notice on their current home. Helped by reviews and information from people who have lived in that home before them.

Breaking the cycle of compromise.


Build their profile across all the homes they’ve rented - and then use it to skip the paperwork when it’s time to move. Giving them the freedom to move as easily as booking a holiday.

Customise their home to their taste and needs. Choose from a range of furniture packages, home improvements & services all ready when they move in.

Monetisation strategy

Residently plans to generate revenue by taking a share of the value we create for different participants in our ecosystem:

1. Transaction fees - We will charge a % of rent for the removal of costs and elimination of void periods.

2. Membership fees - We will charge a % of rent letting residents give notice on their home at any point and move on their terms.

3. Affiliate fees - We will charge a % commission on home services sold to residents on the platform e.g. cleaners, movers, utility providers etc.

At a current annual average rental value of £21k pa, a commission of 2% on 2% of the market in the UK & US would translate to a $250m revenue business.

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Investing carries risks, including loss of capital and illiquidity. Please read our Risk Warning before investing.

Investing involves risks, including loss of capital, illiquidity, lack of dividends and dilution, and should be done only as part of a diversified portfolio. Please read the Risk Warnings before investing. Investments should only be made by investors who understand these risks. Tax treatment depends on individual circumstances and is subject to change in future.

This webpage has been approved as a financial promotion by Seedrs Limited ("Seedrs"), which is authorised and regulated by the Financial Conduct Authority. It is not intended to be a promotion of any individual investment opportunity and is not an offer to the public. The summary information provided about investment opportunities on this webpage is intended solely to demonstrate the types of investments available on the Seedrs platform, and any investment decision should be made on the basis of the full campaign. Full campaigns are available to investors who have become authorised to invest on the Seedrs platform. All investment activities take place within the United Kingdom, and any person resident outside the United Kingdom should ensure that they are not subject to any local regulations before investing.

Seedrs does not make investment recommendations to you. No communications from Seedrs, through this website or any other medium, should be construed as an investment recommendation. Further, nothing on this website shall be considered an offer to sell, or a solicitation of an offer to buy, any security to any person in any jurisdiction to whom or in which such offer, solicitation or sale is unlawful. Seedrs does not provide legal, financial or tax advice of any kind. If you have any questions with respect to legal, financial or tax matters relevant to your interactions with Seedrs, you should consult a professional adviser.

Tax Relief (SEIS)

This business is eligible for SEIS relief - providing qualifying investors with income tax relief of 50% of their investment and certain other tax reliefs. Tax treatment depends on individual circumstances and is subject to change in future. Click to learn more.

Tax Relief (EIS)

This business is eligible for EIS relief - providing qualifying investors with income tax relief of 30% of their investment and certain other tax reliefs. Tax treatment depends on individual circumstances and is subject to change in future. Click to learn more.

Valuation (pre-money)

Valuation rounded from Convertible

Pitch type

There are 5 types of investment pitch available on Seedrs.

  • Equity
  • Convertible
  • Fund
  • Cohort
  • Secondary

Investing in a convertible campaign allows you to invest today, with your investment converting into equity in the future, at a discount compared to other investors.

Learn more about pitch type on Seedrs

Seedrs nominee

This shows if you are able to choose, when making an investment, that you be represented by, and your shareholding be managed by, the Seedrs nominee.

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Custodian

If you invest in this Campaign, Seedrs will act as Custodian rather than provide our standard nominee service. This is due to the fact that the business is not directly involved in the share sale and Seedrs will not benefit from any rights under a shareholder agreement. As a result, Seedrs will handle administrative tasks as we do normally, but you will not have information or voting rights, updates from the business, preemption on future fundraising, or ongoing support about business trading activity.

Learn more about Custodian here

Secondary market

This shows if the business has opted-in or opted-out of allowing its shares to be bought and sold on the secondary market.

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Direct investment

This shareholding type is available and the minimum investment required to select it.

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Payment options

We are not able to accept card payments for investments into this sector. You can pay for your investment by creating a bank transfer, using funds in your investment account or create a Pay by Bank payment. Your investment will only be completed once the funds have reached our account.

Business Involvement

This Campaign offers shares for sale in business that is not directly involved in this Campaign or the sale. As a result, the Campaign and post-investment experience, including investor rights, will differ from a business-led campaign on Seedrs. Most notably, the business will not engage with investors in the discussion forums both during and after the sale or provide any updates to investors.

Learn more here

Payment options

We are not able to accept Pay by Bank payments for investments into this sector. You can pay for your investment with a card payment, by creating a bank transfer or by using funds in your investment account. Your investment will only be completed once the funds have reached our account.

Drawdowns

This campaign offers the ability to pay for an investment by drawdowns.