London startup Dwelly has raised $170 million to expand its push into the UK lettings market. The company’s model combines acquisitions with software, buying independent lettings agencies and bringing them onto a single AI-driven platform.
The funding package includes equity led by EQT Growth and debt from Trinity Capital. That mix gives Dwelly capital to keep acquiring firms while building out the technology layer that sits underneath the business.
Dwelly is targeting a part of the property industry that still relies heavily on phone calls, paperwork, and manual coordination. By moving traditional agency work into software, the company is aiming to make day-to-day lettings operations faster and more standardized.
The raise highlights continued investor interest in businesses that use technology to modernize long-established service sectors. In Dwelly’s case, the focus is on turning small UK lettings agencies into a more software-led operation built around AI tools and a centralized platform.
