Hg invests in Street Group at £200 million-plus valuation
The Manchester software company serves thousands of estate and letting agency branches across the United Kingdom.
Takeaways
- Street Group provides software and AI tools to residential estate and letting agencies.
- The company serves thousands of agency branches across the United Kingdom.
- Co-founders Heather and Tom Staff will remain majority controlling shareholders.
Hg made a growth investment in Street Group, a Manchester, England-based provider of software and artificial intelligence tools for residential estate and letting agencies.
The company's products include the Street.co.uk customer relationship management system, the Spectre prospecting platform and Cortex, which lets customers build and manage AI agents.
Street serves thousands of agency branches across the United Kingdom and employs more than 200 people.
Co-founders Heather and Tom Staff will remain majority controlling shareholders and continue as co-chief executives.
HgCapital Trust said it will invest about £7 million alongside other institutional clients through the Mercury Fund.
The company was valued at more than £200 million; terms of the overall investment were not disclosed.
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