Dwelly

Dwelly operates an AI-enabled marketplace focused on the UK's residential lettings sector. The company's business model is centered on acquiring independent letting agencies and integrating them into a unified technology platform. This strategy aims to modernize traditional agencies by automating business processes, transforming them into tech-enabled digital lettings platforms.

Founded in 2023 by Ilya Drozdov (CEO), Dan Lifshits (CPO), and Dmitry Khanukov (CTO), the company was born from their personal experiences with London's rental process and their background in the tech industry. The founders have over 15 years of experience working together, with previous leadership roles at companies like Uber, McKinsey, and Gett, and have a track record of successful exits in the tech-enabled lettings industry. Before Dwelly, Drozdov and Khanukov founded and scaled a property management firm in Eastern Europe to over 10,000 units.

Dwelly's core offering is a proprietary AI platform designed to streamline the entire rental lifecycle. This includes automating tenant-landlord matchmaking, rent collection, maintenance coordination, compliance, and pricing optimization. For landlords and tenants, the platform offers centralized communications, digital document management, and automated payments via Direct Debit. By implementing its technology post-acquisition, Dwelly reports reducing time-to-let by as much as 75%. The business makes money through a traditional agency model, charging a management fee that is approximately 10% of the monthly rental income.

The company's strategy involves acquiring existing agencies to grow its property portfolio, rather than pursuing organic growth. After an acquisition, Dwelly retains the agency's brand and key staff while integrating its technology to improve operational efficiency. Since starting its acquisition strategy in 2024, the company has purchased multiple agencies and now manages over 10,000 properties. In February 2026, Dwelly announced it had raised £69 million in a mix of equity and debt to fund further acquisitions and expand its AI-powered platform.

Keywords: property management, lettings marketplace, PropTech, AI platform, real estate technology, residential lettings, rental automation, agency acquisition, tenant management, rent collection, property maintenance, real estate investment, UK property market, landlord services, tenant services, digital lettings, M&A real estate, portfolio management, FinTech, rental lifecycle