UK startup Dwelly raises $170 million to expand property acquisitions and add AI

UK startup Dwelly has raised $170 million in new financing, according to Bloomberg, as it looks to buy more real estate businesses and bring artificial intelligence into its operations. The company said Tuesday that the round was co-led by EQT Growth and General Catalyst. The financing package includes $95 million in equity and a $75 million debt facility provided by Trinity Capital. Dwelly did not disclose its valuation following the raise. The funding is aimed at supporting the company’s acquisition strategy in the real estate sector while also backing the integration of AI into how the business runs. No additional valuation details were released.