Reposit Group
Latest round
- Seed
Last raised
- Mar 2018
Total raised
- $0.8M
Investors
- 2
About Reposit Group
Reposit Group Limited, founded in 2015 and headquartered in London, UK, offers a deposit alternative service that allows tenants to secure rental properties without the need for traditional cash deposits. The company has undergone no significant pivots in its business strategy since inception. The founder, Jude Greer, has previously established other ventures.19 million post-money. The company has secured a total of two deals to date, with the latest deal occurring on March 19, 2018.Reposit offers a unique deposit alternative solution aimed primarily at landlords and tenants in the UK rental market. Their core service allows tenants to cover rental obligations with a small upfront fee equivalent to one week's rent, rather than a traditional cash deposit. This approach provides tenants with a more affordable entry point and offers landlords enhanced security with coverage equivalent to eight weeks' rent.Reposit's revenue model is based on an upfront fee charged to tenants, set at one week's rent, with a minimum fee of GBP 150. This structure enables Reposit to provide landlords with substantial security, equivalent to eight weeks' rent. Transactions are typically B2B, involving partnerships with letting agents and landlords who offer this deposit alternative to their tenants. The company plans to expand its product offerings and enhance its deposit alternative services. Additionally, Reposit aims to enter new geographic markets within the UK, targeting urban areas with significant rental demand.
Who invested in Reposit Group
2 investors across 1 round
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Funding rounds
Seed
Mar 19, 2018
Amount
$0.8M
Investors
Questions about Reposit Group
Who invested in Reposit Group?
Reposit Group has 2 investors on record across 1 venture round. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Reposit Group raised?
Reposit Group has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did Reposit Group last raise money?
Reposit Group's most recent round on record is a Seed, in Mar 2018.
What does Reposit Group do?
Reposit Group Limited, founded in 2015 and headquartered in London, UK, offers a deposit alternative service that allows tenants to secure rental properties without the need for traditional cash deposits.
Where is Reposit Group headquartered?
Reposit Group is headquartered in London, UK.
Which VCs invest in companies like Reposit Group?
Among active investors with capital left to deploy, Index Ventures, Forbion, European Investment Bank and Balderton Capital back internet companies at Reposit Group's stage. Their profiles are linked below.
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