Dan Lifshits & Ilia Drozdov, Co-founders of Dwelly: BREAKING: Dwelly raised $170m Series B

Dwelly just raised a $170m Series B led by EQT Growth and General Catalyst, five months after its last round, taking total funding to around $250m. Dwelly acquires traditional letting agencies across the UK and moves them onto a shared AI system. The AI handles compliance and admin work, so staff can focus on landlords and tenants instead.

Dan Lifshits and Ilia Drozdov are Co-founders of Dwelly. The company has grown from around 10,000 lettings under management five months ago to more than 15,000 today, already making it one of the UK's ten largest letting agencies.

The Scaling Europe show is presented by Deel. Check them out here: https://get.deel.com/ruynb7o4lfjk

Sponsors:

Chargebee: https://www.chargebee.com/events/beelieve/london/2026

SurrealDB: https://surrealdb.com/

Airwallex: https://www.airwallex.com/uk?utm_source=other&utm_medium=partner_referral&utm_campaign=v01_emea_multi_ib_dg_prtmk_mofu_scalingeurope

Lovable: https://lovable.dev/

Timestamps:

0:00 - Introduction
0:21 - Dwelly's new $170m Series B
1:07 - Why AI is transforming the services industry
1:35 - What Dwelly does and how much it's grown
2:25 - Acquiring and integrating letting agencies
6:33 - Dwelly's underlying business fundamentals
7:12 - The size of the UK market and expanding into Europe
9:55 - Dwelly's biggest bottleneck: hiring
12:58 - Inside the Series B round
16:09 - Dwelly's north star metric