The property management software firm has raised £1,136,000 in its first round of funding, which was oversubscribed.
The fundraising was managed by chairman Mark Jones who brought in five individual investors to bring added value to the brand and to help accelerate its ambitious growth plans.
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 across 27 different countries.
Jones said: “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 exceptional 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.”
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