UK-based real estate software platform Reapit has formed a partnership with private equity firm Accel-KKR.
The platform, which is used in the UK and Australia, provides estate agents and letting agents with software to help with sales, lettings, property management and client accounts. Through its solution a user is given all necessary tools to market, sell, let and manage properties, helping to cut administrative tasks. Currently, Reapit is used by over 200 estate agencies and more than 20,000 users.
This partnership with Accel-KKR will give Reapit access to expand its offering and boost its end-to-end solution.
Reapit CEO Gary Barker said, “This investment will allow us to significantly scale our development capabilities and deliver new and exciting solutions. We plan to create new technological and digital innovations that will enable our clients to more effectively grow revenues, save costs and address a continually evolving legislative landscape. Moreover, it will enable us to build on our already strong, market-leading position.”
Last month Accel-KKR made an undisclosed investment into Colombia-based accounting and administrative software provider Siigo. Other previous investments made by the company include end-to-end spend management platform Jaggaer, payroll and HR software company Infinisource and bill payment platform Paymentus.
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