Proptech startup Evo is aiming to revolutionize repairs and maintenance in the “broken” rented housing sector, as the company targets its latest funding round and secures a series of commercial wins. EVO connects landlords, residents and trades professionals, making the property management process more transparent and driving down costs. The cost of property maintenance in the rental sector is valued at over £30 billion.
“Service standards in the rental sector have dropped alarmingly, and nowhere is this more evident than when you look at repairs, maintenance and safety compliance. We’ve all read about the horror stories, and the inherent power balance that affects up to one in five households across the U.K.,” said Evo Co-founder Dean Shepherd. “Everyone realizes the system is broken and is in need of urgent reform. At Evo, we’re deploying our technology to help fix that relationship between landlords, tenants, and trades professionals. By doing this, we’re making housing repairs easier, faster and fairer for everyone.”
Evo, which launched its latest funding round on the Seedrs private investment platform seeking to raise £1 million, already works in partnership with Capital Letters across 20 London Boroughs, with over 5,500 properties currently using the Evo platform.
Working across the private and public sectors, Evo gives landlords greater insights into their properties, with access to detailed service histories, and the ability to track jobs in real-time, the company sai. Landlords and property managers benefit from a low-cost monthly subscription, while trades professionals view and can accept jobs in-app.
For residents, Evo’s platform means renters are empowered with more information about their homes and can report problems through its mobile app, leading to much faster turnaround times and significantly improved customer service levels.
Evo aims to onboard over 300,000 properties by 2026, which equates to approximately 3% U.K.
