UK-based platform delivering a faster digital leasing experience, Least has raised £1.5 million in funding. The seed round was led by Love Ventures, and backed by Concrete Ventures, along with a group of angel investors with significant reach and experience in the real estate, legal and financial sectors. The investment will allow Least to satisfy immediate demand and to continue the deployment of the product across assets of any sector, size, or complexity.
Founded by Leon Ballard and Nick Kirby, the platform aims to simplify the leasing process, creating efficiencies for building owners and a new user experience for occupiers. The product slashes the traditional timeline associated with the negotiation and closing process, reducing void costs, losing fewer deals, and generating revenue for both building owner and agent much sooner.
Leon Ballard, co-founder of Least said: “Having developed a solution for the commercial property leasing process, we felt that the size of the opportunity to expand into new sectors and geographies warranted an influx of capital.”
Adrian Love, general partner at Love Ventures, added: “Our investment in Least is based on a mutual understanding that the real estate industry has considerable scope for innovation and in particular, time and cost efficiencies created by the use of digital platforms.”
Taylor Wescoatt, general partner at Concrete Ventures, added: “We seek out the proptech companies providing innovation to leading global real estate partners in areas that are ripe for disruption. Least is providing a digital solution in a space where for too long the time-consuming nature of the traditional process only served to increase costs and frustration.”