Dwelly acquires independent UK letting agencies and migrates their operations onto an AI-first platform that handles tenant inquiries, onboarding, rent collection, maintenance, and compliance, reserving staff intervention for judgment calls. The company manages 15,000 properties with a £350 million rent roll and says its automation increases a property manager’s capacity to over 300 units from about 100 previously. Founded in 2023 by Ilya Drozdov, Dan Lifshits, and Dmitry Khanukov—who previously built and sold a 10,000-property rental business—Dwelly combined acquisitions with mandatory automation from the outset. Its operating model distinguishes it from software-only proptech and traditional roll-ups by owning agencies and enforcing platform-driven workflows. Dwelly plans product expansions including financial products for landlords and tenants and aims to scale into some European markets while increasing headcount substantially this year.

Total raised

$263M

Funding rounds

4

Latest round

Series B

Latest activity

Jul 2026