A startup buying up U.K. real estate brokers and streamlining their processes with AI gets $93 million in funding to fuel expansion

A startup founded by former Uber and Gett executives that is aiming to roll-up independent real estate agencies across the U.K. and modernize their operations using AI and other digital technology has raised £69 million ($93 million) to further its expansion.

Dwelly, which is based in London, said the funding comprises £32 million in equity led by General Catalyst, the Silicon Valley venture capital firm, with participation from Begin Capital and S16VC, alongside a £37 million debt facility from Trinity Capital...