Movebubble has announced an investment from award-winning investment specialist Blackfinch.
The renting app said Blackfinch made a “considerable contribution” that will help the company with further expansion.
It comes after Movebubble has enjoyed a period of rapid growth. Last year, users increased by 119%, and the company predicts that this figure will grow in the coming year.
Movebubble added a number of premium Build-to-Rent developments to its platform after a move to Manchester this year.
Plans are in place for expansion into further UK cities in 2020, and the company said it will continue to “provide renters with a more seamless, transparent way to find a home”.
Blackfinch said it has “more than 25 years of experience helping companies thrive”.
It provides tax-efficient solutions, early-stage investment, managed portfolio services and property financing, and has over £300m in assets under management and administration.
Reuben Wilcock, ventures director at Blackfinch, said: “Movebubble has already achieved critical mass in London and we are delighted to be investing in its expansion throughout the UK and globally.”
Movebubble CEO, Aidan Rushby, added: “We are delighted that Blackfinch has become an investor in Movebubble and look forward to taking the company to the next level with its support.”