Dwelly Raises $170M Series B

Dwelly, a London-based startup that provides an AI-native operating system for lettings and property management, has raised $170 million in a Series B funding round. The total capital raised includes $95 million in equity and a $75 million debt facility. The company, which is transforming the UK rental market by acquiring independent lettings agencies and migrating them onto its AI platform, has now secured over $260 million in funding in less than one year.

Investors

The equity portion of the round was led by EQT Growth, with participation from General Catalyst, s16vc, Begin Capital, DVC, and several angel investors including the chief executives of Legora, Synthesia, and ElevenLabs, as well as Philipp Freise of KKR. The $75 million debt facility was provided by Trinity Capital.

Dwelly Use of Funds

Dwelly plans to utilize the fresh capital to further develop its AI platform, acquire additional independent lettings agencies, and expand its product suite for landlords and tenants. The expanded offerings will include legal protection services, rent guarantees, financing options, and a marketplace for contractors.

About Dwelly

Founded by Ilya Drozdov, Dan Lifshits, and Dmitry Khanukov, Dwelly aims to modernize the UK rental market by replacing traditional, manual property management workflows with an AI-first operating system. The platform automates tenant and landlord communication, maintenance coordination, rent collection, and compliance tasks.

Funding Details

Company Website: https://dwelly.group

Company: Dwelly
Raised: $170M
Round: Series B
Funding Date: July 28, 2026
Lead Investor: EQT Growth (Equity), Trinity Capital (Debt)
Additional Investors: General Catalyst, s16vc, Begin Capital, DVC, Legora CEO, Synthesia CEO, ElevenLabs CEO, Philipp Freise
Software Category: Proptech
Source: https://thenextweb.com/news/dwelly-raises-170m-to-turn-uk-lettings-agencies-into-software