Meet the member: PropFolio
Enterprise City’s Exchange offers ambitious early stage tech companies in the North West a support scheme to scale and grow via a series of workshops, keynotes and one-to-one sessions. The scheme for tech start-ups included 23 companies on its first cohort, including budding prop-tech firm, PropFolio.
We talked to PropFolio – a three-piece start-up – about life as part of the first cohort of companies on the Exchange programme, and what the future holds for the business.
PropFolio was co-founded in 2017 by chartered surveyor, Tom Cartlidge, planning and development consultant, Peter Bird, and investment banker, Angus Abbott. The trio share the same goal to improve the communication of data and increase transparency within the real estate market.
PropFolio is a tool for commercial real estate landlords to make data-lead decisions regarding the performance of a portfolio or asset. Using internal and external data, PropFolio scenario plans, reports and communicates throughout the decision-making hierarchy. It allows its users to work from a central hub, replacing the current email chains, Excel spreadsheets and paper.
Tom Cartlidge, co-founder, said: “Integrations are key to our growth plans and we see PropFolio as a tool which sits above, or alongside, existing management software solutions but adds functionality which otherwise is not possible.”
The PropFolio team spent three weeks in Amsterdam in March as one of ten start-ups selected to take part in the Arcadis City of 2030. powered by Techstars accelerator. Despite flying home early to continue the programme virtually due to Covid-19, the accelerator was a chance to re-set the company and focus on what was important to get out into the market.
Joining the Exchange programme was a great opportunity for PropFolio to set up an office in Manchester, an area home to many of Pete and Tom’s existing contacts in the real estate market, and that offered lots of potential clients.
Tom, continued: “Even in the short time we have been part of the Exchange programme, we have seen a huge benefit from it. We have found that being part of a group of start-ups is a fantastic environment to share ideas and contacts to help each company grow.”
PropFolio and other companies on the Exchange scheme are based in the Bonded Warehouse within the Enterprise City tech, media and creative cluster, developed by Allied London.
In the coming months, PropFolio is pitching to receive funding which will allow it to continue to build its product, grow the team and onboard more customers. Exchange will help its businesses achieve smarter growth through its flexible workspace, focused workshops, up-skill sessions, high-profile speaker events and panel discussions.
For details on Enterprise City’s Exchange and how to apply to join the programme, visit the webpage.