Quintain has acquired a 10% stake in rental app Movebubble.
Buy-in from the Wembley Park owner and developer marks the first institutional funding for Movebubble.
It will enable Movebubble to further development of its build-to-rent product, Movebubble One. It aims to drive occupier demand through the partners’ knowledge and access to renter behavioural data.
Aidan Rushby, founder and CEO of Movebubble, said: “Investment from such a well-respected developer and build-to-rent operator validates all the hard work we have put in, as well as our vision for the company and how we are looking to change the sector.”
Rajesh Shah, executive commercial director at Quintain, said: “We were extremely impressed with the innovative and entrepreneurial approach Movebubble takes and we are very excited to be involved in the company’s bright future.
“The sector needs platforms such as Movebubble to expand, succeed and connect directly with the renting population in the UK.”
Movebubble launched in 2014, seeking to deliver a renter-first approach to finding a home. It is used by more than 300,000 renters in the capital.
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