Unifying CRE Portfolio Data with Tom Cartlidge of Propfolio

Prior to starting PropFolio, I worked for JLL in the National Investment Team in London after completing their Graduate Scheme within their Manchester office. 

Anyone who has worked in the Real Estate industry is fully aware that it is incredibly slow to adopt new technologies. This was the main driver behind launching a PropTech start-up. 

The other co-founders of PropFolio are; Peter Bird who also worked at JLL in their Planning & Development team, and Angus Abbott who currently works at Barclays Ventures, with a focus on Strategic Partnerships and Venture Investments.

PropFolio is on a mission to bring transparency to real estate management and investment decisions through efficient use of data. 

Currently, data for property assets is stored across multiple software systems and locations which slows reporting on assets and analysing assets. 

Our platform is a tool for commercial real estate landlords to make data-driven decisions across their portfolios by having all of their information in one central place.

As we are currently building out the MVP of our product, we have taken on a large amount of feedback from our pilot customers and property experts. Making sure we are solving the key pain points is fundamental to the success of PropFolio. 

We recently completed The Arcadis City of 2030 Accelerator program, powered by Techstars. This gave us the opportunity to refine our business model and ensure we were building the best product for our customers.

The biggest problem is that the Real Estate industry is so far behind with tech adoption. Unfortunately, innovation is slow and it is a market where large organisations still operate on paper documents or legacy software. 

However, Covid-19 has highlighted that PropTech is desperately needed within the market and this could encourage innovation. The recession was a huge catalyst for FinTech and the current global pandemic could do the same for PropTech.

Visit us at www.prop-folio.com!