PropertyCard
London-based PropertyCard, isn’t strictly speaking bootstrapped as it raised a $1.4m pre-seed round in January, but as this is still such as small round, and the company has been going since 2017 without external finance, it is worth a mention.
PropertyCard is a prop-tech startup that provides homeowners and tenants with smart cards to allow them to manage property payments such as rent and utilities.
The first four years have been focused on building the product and 2022 is set to be the first year of revenue, expected to be in the region of £200k. Profitability could come as early as the end of this year, the company says.
The PropertyCard team have stayed away from external funding so far because they wanted “to keep control and get maximum upside — and to execute on a clear vision,” says Oliver Muller, CEO. But now as the company is starting to actually trade, they are speaking to VCs about a potential £5m seed round.
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