Press release date: April 3, 2024

Company driving property investment forward secures £584,000 investment

West Midlands based data insights company Property Filter has raised £584,000 in seed round funding. The investment was led by £500,000 from the Midlands Engine Investment Fund (MEIF I) through the MEIF West Midlands Equity Fund, managed by Midven, part of the Future Planet Capital Group, alongside a syndicate of angels.

This significant investment will enable the company to focus on its product development. Key milestones include alongside launching a mobile app, carrying out freemium models, extending AI capabilities, and integrating new service lines.

Property Filter’s SaaS platform was originally developed as an in-house tool to expedite the founder’s own property investment journey. The tool aggregates and delivers data insights to facilitate property investment decisions. The platform leverages data to provide sourcing agents and property investors with a step-by-step blueprint to find opportunities within the market. The results are tailored towards the user’s individual investment strategies.

Property Filter is currently integrating its platform with education providers to make courses and programmes more effective. The courses are designed to provide insights that will allow mentees and students to achieve better results.

The UK property market is a vital part of the economy. A recent study showed that it generated turnover of over £65 billion in 2022. Property Filter is well placed within this landscape to empower its customers with reliable data and insights, while establishing itself as an industry leader in the prop-tech industry.

Midven has supported Property Filter, providing strategic guidance to improve the business’ investment readiness. With this substantial funding, it will continue to concentrate on enhancing its product range and services.

Surjit Kooner, Investment Director at Midven says: “Property Filter has the technology that has the potential to streamline the due-diligence process, enhancing efficiency and broadening the scope of opportunities for professional investors. We are looking forward to working with them and being a part of their journey.”

Guillaume Black, CEO of Property Filter says: “This injection of funds is rocket-fuel to Property Filter’s mission to shake up property investment. Our mission is to revolutionise property investment through cutting-edge data insights, fuelling key initiatives like the launch of our mobile app and expanding our AI capabilities. This is a significant milestone for Property Filter, and we’re excited about the journey ahead.”

Mark Wilcockson, Senior Investment Manager at the British Business Bank, said: “The Midlands Engine Investment Fund invests in innovative solution focused Midlands based SMEs with high growth potential. MEIF’s recent investment in Property Filter is a good example that showcases the MEIF’s commitment to regional businesses. I would encourage other Midlands SMEs with growth potential that are in need of funding to get in touch.”

The Midlands Engine Investment Fund is supported financially by the European Union using funding from the European Regional Development Fund (ERDF) as part of the European Structural and Investment Funds Growth Programme 2014-2020 and the European Investment Bank.

Press release information

Date:

April 3, 2024

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Uncategorized

Topics / Tags:

Entrepreneurship, Europe, Investment, Startups, United Kingdom

Notes to editors

MEDIA CONTACTS: Property Filter Guillaume Black, CEO [email protected] Midven Amie Digital Glue 0121 8289272 [email protected] About Property Filter Property Filter, born in 2021, is a West Midlands based data insights company on a mission to revolutionise property investment. Founded by Guillaume Black, Cyril Moulin, and Florian Moulin, three problem-solving engineers turned estate agents, property investors and entrepreneurs. Specialising in a dynamic SaaS platform, the company empowers investors with tailored blueprints for success, seamlessly integrating data, and providing real-time CRM solutions. With a focus on innovation, Property Filter is not just navigating the market – it’s reshaping the entire investment experience. About Midven For more than 25 years, leading Birmingham-based venture capital firm Midven has been supporting Midlands SMEs, investing more than £90m into the region and raising over £200m co-investment into its portfolio. Midven’s ‘more than money’ approach helps to build strong and successful companies and support businesses every step of the way. Midven was acquired by Future Planet Capital in April 2021. For more information about Midven, please visit www.midven.co.uk. About Future Planet Capital Future Planet Capital Limited is a global venture capital and impact investor, connecting the world’s largest investors to the best minds in order to address global challenges. The firm is focused on providing growth capital to leading entrepreneurs and businesses from the world’s top universities and has deployed over $100M on behalf of institutional investors to date. Future Planet Capital’s goal is to profitably solve the world’s greatest challenges in climate change, education, health, sustainable growth & security. For more information about Future Planet please visit www.futureplanetcapital.com. About the Midlands Engine Investment Fund (MEIF I) The Midlands Engine Investment Fund will invest in Debt Finance, Small Business Loans, Proof-of-Concept and Equity Finance funds, ranging from £25,000 to £2m, specifically to help small and medium sized businesses secure the funding they need for growth and development. The Midlands Engine Investment Fund is operated by British Business Financial Services Limited, wholly owned by British Business Bank, the UK’s national economic development bank. Established in November 2014, its mission is to make finance markets for smaller businesses work more effectively, enabling those businesses to prosper, grow and build UK economic activity. The Midlands Engine Investment Fund is supported by the European Regional Development Fund, the European Investment Bank, the Department for Business, Energy and Industrial Strategy and British Business Finance Limited, a British Business Bank group company. The MEIF covers the following LEP areas: Black Country, Coventry & Warwickshire, Greater Birmingham & Solihull, Stoke-on-Trent and Staffordshire, The Marches, and Worcestershire in the West Midlands; and Derby, Derbyshire, Nottingham & Nottinghamshire (D2N2) Greater Lincolnshire, Leicester & Leicestershire, and South-East Midlands in the East and South-East Midlands. The project is receiving up to £78,550,000 of funding from the England European Regional Development Fund as part of the European Structural and Investment Funds Growth Programme 2014-2020. The programme will continue to run until the end of 2023. The Ministry for Housing, Communities and Local Government is the Managing Authority for the European Regional Development Fund. Established by the European Union, the European Regional Development Fund helps local areas stimulate their economic development by investing in projects which will support innovation, businesses, create jobs and local community regenerations. For more information visit www.gov.uk/european-growth-funding. The European Investment Bank is providing £122,500,000 to support the Midlands Engine Investment Fund. This follows backing for the Northern Powerhouse in 2017 and backing for the newly launched North East Fund. For further information visit www.eib.org The funds in which Midlands Engine Investment Fund invests are open to businesses with material operations in or planning to open material operations in the West Midlands and East & South-East Midlands. The British Business Bank has published the Business Finance Guide (in partnership with the ICAEW, and a further 21 business and finance organisations). The guide, which impartially sets out the range finance options available to businesses and provides links to support available at a regional level, is available at https://thebusinessfinanceguide.co.uk About the British Business Bank The British Business Bank is the UK government’s economic development bank. Established in November 2014, its mission is to make finance markets for smaller businesses work more effectively, enabling those businesses to prosper, grow and build UK economic activity. Its remit is to design, deliver and efficiently manage UK-wide smaller business access to finance programmes for the UK government. The British Business Bank’s core programmes support nearly £8bn of finance to almost 94,800 smaller businesses. Since March 2020, the British Business Bank has also launched four new Coronavirus business loan schemes, delivering almost £73bn of finance to around 1.6m businesses. As well as increasing both supply and diversity of finance for UK smaller businesses through its programmes, the Bank works to raise awareness of the finance options available to smaller businesses. The British Business Bank Finance Hub provides independent and impartial information to businesses about their finance options, featuring short films, expert guides, checklists and articles from finance providers to help make their application a success. In light of the coronavirus pandemic and EU Exit, the Finance Hub has expanded, and it now targets a wider business audience. It continues to provide information and support for scale-up, high growth and potential high growth businesses, but now provides increased content, information, and products for businesses in survival and recovery mindsets. The Finance Hub has been redesigned and repositioned to reflect this, during this period of economic uncertainty. British Business Bank plc is a public limited company registered in England and Wales, registration number 08616013, registered office at Steel City House, West Street, Sheffield, S1 2GQ. It is a development bank wholly owned by HM Government. British Business Bank plc and its subsidiaries are not banking institutions and do not operate as such. They are not authorised or regulated by the Prudential Regulation Authority (PRA) or the Financial Conduct Authority (FCA). A complete legal structure chart for the group can be found at www.british-business-bank.co.uk.