# Reposit Group

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/reposit-group

- Industry: Internet
- Headquarters: London, UK
- Website: www.reposit.co.uk
- Total disclosed funding: $0.8M
- Latest round: Seed (Mar 19, 2018)
- Investors on record: 2

## About

Reposit Group Limited specializes in providing innovative deposit alternative solutions for landlords and tenants in the UK rental market, streamlining the renting process while enhancing security for landlords.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. Reposit raised GBP 569 thousand during its Seed funding round in March 2018, valuing the company at GBP 3.19 million post-money. The company has secured a total of two deals to date, with the latest deal occurring on March 19, 2018. The latest round of funding was supported by Avonmore Developments and Weisz Investments.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. The company serves landlords, build-to-rent operators, and letting agents, facilitating a streamlined renting process that increases tenant demand and reduces vacancy periods in high-demand urban areas across the UK.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. This model fosters a mutually beneficial relationship wherein landlords reduce risk while tenants enjoy a more manageable financial entry into rental agreements.In March 2018, Reposit Group Limited raised GBP 569 thousand in Seed funding to support its growth initiatives. 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. The recent funding will facilitate these developments and support the company's strategic goals for growth.

## Funding rounds

- Seed, Mar 19, 2018, $0.8M — Avonmore Developments, Weisz Investments

## Investors

- Avonmore Developments (https://capitalatlas.ai/funds/avonmore-developments) — Seed
- Weisz Investments — Seed