Dwelly, an AI-enabled rollup platform for property letting agencies, has raised £69m in equity and debt funding led by General Catalyst. The startup acquires and digitizes independent rental agencies across the UK, integrating AI to automate tenant-landlord interactions, maintenance requests, and rent collection. With £32m in equity and a £37m debt facility from Trinity Capital, the funds will fuel further M&A deals to consolidate the fragmented property management sector. Co-founder Dan Lifshits emphasizes that AI reduces labor-intensive tasks like call handling and application processing, streamlining operations for both tenants and landlords.

The company has acquired eight UK agencies to date and manages over £200m in gross merchandise value. Its AI systems analyze property data to optimize pricing, match tenants with suitable listings, and predict maintenance needs. This approach mirrors broader rollup trends in Europe, where startups like Germany’s Buena and Ralph deploy software to automate property services. Dwelly’s expansion reflects investor confidence in AI-driven consolidation of legacy industries.