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led the investment which also included participation from Dutch early-stage venture capital firm and London-based firm . The funding brings Goodlord’s since its 2014 inception to about $33 million.

The news is especially meaningful considering the company saw its CEO depart and laid off nearly 40 employees just over two years ago, according to .

Co-founder started the company in 2014 after becoming frustrated with the inefficiencies in the tenancy process. (co-founder of , founding director of another proptech company, ) took the helm as CEO in early 2018.

Goodlord’s SaaS (software as a service) platform aims to make the rental process smoother and more efficient for landlords, leasing agents and renters alike. It handles a wide range of services from contracts to references to payments.

In its own words, Goodlord’s mission is to make renting simple and transparent for everyone involved.

The company certainly seems to have rebounded since that turbulence two years ago. COO Mundy said Goodlord has seen “the number of tenancies it processes” accelerate from about 20 percent to more than 90 percent year over year in 2019. Without providing specifics, Goodlord said its number of users doubled over the last year. Meanwhile, headcount more than doubled to 97 from about 47 a year ago. The company declined to comment on annual recurring revenue.

Over the past year, Goodlord has introduced new products and platform updates. It also has expanded its service to cover corporate lets, brought in extended insurance provisions and introduced virtual banking technology for customers.

Looking ahead

Goodlord plans to use its new capital to double its client base and expand its suite of products. It also plans to hire more engineering, product and customer-facing staff.

Julian Rowe from Latitude Ventures, who is joining the Goodlord board, said in a written statement that the startup has the potential to be “one of the UK’s most successful property technology companies.

“For many people under the age of 40 the rental market is the housing market and Goodlord is passionate about modernising it for millions of people,” he added. “By creating software that increases the professionalism of letting agents and reduces the stress of finding and securing a home to rent, Goodlord is supplying an essential service to meet a key need.”

Blog Roll Illustration:

Good morning and happy Friday, everyone. You have nearly made it to the weekend.

Capping off an active week of venture deals, we have the latest on two venture fund closings for you. And, to keep things interesting, the firms in question are quite different.

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I think we’ll go from smaller to larger, which means we will start with .

Oxx announced a new fund this week, called Oxx I, that has $100 million “in funds under management so far.” I suppose that the firm is willing to take on more capital if it becomes available, given that description from its own materials.

According to the group, Oxx I will target “scale-up stage B2B software companies.” The same release goes on to note that the firm will “participate in funding rounds of $5 million to $20 million.” The firm will likely invest in late-Seed and Series A companies, with maybe a B mixed in. In 2018, $20 million doesn’t go very far, especially if we presume that the firm is only looking to invest in startups with revenue.

Moving along, its Fund IV this week, which will command a $668 million capital pool. According to the firm, the new fund brings its assets under management to $2 billion. Foresite targets the world of biotech, meaning that it operates on a wholly different axis from Oxx.

The firm’s new fund is its largest to date. According , Foresite’s preceding funds came in at $450 million, $300 million, and $100 million. Foresite’s most active quarter of investing in its life was Q1 2018, with 6 known deals. That bested Q3 2015, which saw Foresite make 5 deals. Here’s the full chart:

Regardless, venture capitalists are still stacking fresh powder as the labor market continues to tighten. If it’s a bit late in business cycle to raise new (and larger) funds is something we’ll know in a few years.