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£650,000 for Proptech firm that streamlines lettings utility bills

A PropTech firm that simplifies utility billing, with the aim of reducing property management effort by letting agents, has received £650,000 investment in a new funding round. 

One Utility Bill simplifies the billing process for a range of utilities, streamlining property management processes for agents and landlords. 

It bundles gas, electricity, water, internet, media subscriptions and TV licenses into a user-friendly monthly bill, enabling users to split bills without having to speak to individual utility providers. 

It is used by some 400 agents across the UK and has 25 employees and 10,000 tenant customers. 

The company also has working partnerships with Sky TV & Broadband, Virgin Media, Octopus Energy, Spark Energy and others. 

The £650,000 funding round was led by Jeremy Middleton CBE family office Newcastle-based Middleton Enterprises, with principal investment from Pi Labs, the London-based property tech start-up specialist.

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