Street Group recently secured £3.3 million in funding to strengthen its agency-focused CRM platform. This financial boost comes from Praetura Ventures, with contributions from the Northern Powerhouse Investment Fund II (NPIF II), which is managed by Praetura and operates under the British Business Bank. The investment was further supported by Praetura’s EIS Growth Fund and Growth VCT, cementing their stake in Street Group’s mission to transform the property industry.
With this funding, Praetura Ventures has taken a minority stake in the business, and their investment director has joined Street Group’s board. The infusion of capital is set to accelerate Street Group’s development of cutting-edge, AI-powered CRM tools designed to simplify processes for estate agents and homemovers. These tools aim to eliminate inefficiencies and help clients navigate the complex world of property transactions with ease.
Street Group has established itself as a tech-driven solution provider for forward-thinking estate agents, focusing on enhancing productivity and improving the home-moving experience. By leveraging AI and advanced CRM capabilities, the company hopes to position its clients as top choices for buyers, sellers, landlords, and tenants alike. The new funding will enable Street Group to expand its reach and offer even more innovative tools tailored to meet the evolving needs of the property market.
The Northern Powerhouse Investment Fund II, which supports businesses in the North of England, played a key role in making this deal possible. The fund provides financial support to help startups and established companies scale and innovate. Street Group’s successful funding round aligns with the fund’s objective to foster growth, create jobs, and fuel innovation in the tech sector across the region.
This development reflects a significant step for Street Group, showcasing its commitment to redefining the property industry with technology. By channeling the new investment into enhancing its CRM capabilities, the company is poised to further streamline workflows for estate agents, helping them deliver better services and improve customer experiences. This funding not only reinforces Street Group’s market position but also paves the way for its continued growth and contribution to the region’s tech ecosystem.