StrideUp lets prospective homebuyers buy a portion of a property while continuing to rent the remainder, positioning the product as an alternative to traditional mortgages. The company targets first-time buyers in their mid/late 20s to late 30s who have spent years renting and need a bridge to ownership. Users apply online, are assessed by the startup's algorithm to receive a budget, find a property on the open market, submit it for approval, and receive data-driven guidance on fair offers. StrideUp supports buyers through the transaction (surveyors, solicitors) and provides additional financing at exchange, while institutional investors supply most of the capital backing the partial purchases. Its business model operates like a property investment platform: investors receive most of the returns (rent plus any valuation increases) and StrideUp earns origination and management fees. The company launched in the summer and disclosed £1.6 million in seed funding structured as a mixture of equity and debt, led by Picus Capital alongside angel backers.

Total raised

$2M

Funding rounds

2

Latest round

Seed

Latest activity

Nov 2017