University Cribs, the online platform for student property rental, announces the completion of their seed funding round. Strategic investors from a range of related industries have committed capital to seeing the business further grow. With new capital, University Cribs plans to expand its geographic reach further with letting agents and student property providers across the UK, while investing in the technology platform to stay ahead of the market.
University Cribs was founded by university friends Jack Jenkins and Dan Jefferys, together with fellow entrepreneur Christian Samuel with whom they had previously worked on a student events and marketing venture. Having launched last year, University Cribs saw rapid adoption during the 2016-17 academic year, listing over 120,000 rooms for rent from a mix of 300 customers comprising lettings agents and student housing providers. The business expanded its geographic network in April to include properties in London, and now lists properties in 27 university towns across England and Wales.
Jack Jenkins, Co-founder of University Cribs, said: “Dan, Christian and I are thrilled to have the backing of established entrepreneurs and business leaders within relevant industries – ranging from UK property to student leisure. As the university term starts across the UK, we want to offer students the easiest and most hassle-free route to rental. Today’s investment allows us to push ahead with our plans, and make the most of the forthcoming academic year when over 2million students will be considering their accommodation options for the years ahead.”
