Trinity Capital, an alternative asset manager, committed $50 million in growth capital to Dwelly, an AI-first lettings and property management platform.
“Dwelly is pioneering an AI-native roll-up of the UK lettings market — upgrading local agencies with a tech stack that drives productivity while harnessing their loyal tenant-landlord bases to build generational scale,” Craig Fox, managing director of tech lending – London at Trinity Capital, said. “We’re thrilled to fuel this evolution, helping independent agencies adapt to a consolidating market, secure flexible succession options and transform a historically fragmented and operationally complex industry.”
This capital facility will help Dwelly scale across the UK market through strategic acquisitions and technology-driven growth.
“We have crossed 10,000 properties under management, placing Dwelly among the UK’s top 15 letting agencies. Our vision is to build an end-to-end platform evolving into a fully transactional rental marketplace with a robust fintech layer for rent collection,” Ilya Drozdov, co-founder and CEO of Dwelly, said.
