Manchester-based PropTech startup Street Group secures Hg investment at a valuation of over €233.8 million
Street Group (formerly Agent Software), a Manchester-based provider of vertical software and AI for the UK residential property sector, has secured a strategic growth investment from Hg, an investor in European and transatlantic software and services businesses.
This values the company at over €233.8 million (£200 million). Street Group was previously backed by Manchester-based PXN Group, a venture capital firm known for backing high-growth Northern businesses.
Heather and Tom Staff, Co-CEOs and co-founders of Street Group, said, “We built Street to fundamentally change how estate and letting agents work, and AI is central to that mission. In Hg we have found a partner who shares our long-term ambition, our product focus, and brings genuine depth of experience and operational expertise in scaling software and AI businesses. This partnership allows us to invest even more in our products, our technology and our people, while staying true to the culture and obsessive customer focus that have defined Street from the start.”
Founded in 2015 by siblings and co-CEOs Tom and Heather Staff, Street Group builds software that powers the UK residential property market. Street has built an integrated operating system for estate and letting agents.
Its offerings include core CRM (Street.co.uk), its prospecting and lead-generation platform, Spectre, and a growing suite of AI-native products including Cortex, which allows customers to build and orchestrate their own AI agents.
It has a team of over 200 employees, and currently serves thousands of estate and letting agency branches across the UK. Tom and Heather remain majority controlling shareholders and will continue to lead the business. With this funding, the company plans to accelerate product innovation and deepen its AI capabilities.
Louis Kinsella, Partner, Hg, said, “Street is exactly the kind of business we love to back. It’s a category leader with a technical edge, loved by its customers, and is deeply embedded in their daily workflows. Heather and Tom are an exceptional founding team who have built something rare, combining genuine product innovation with accelerating growth, as the industry moves towards them and away from legacy solutions. We are excited to support the next phase of their journey.”
Hg has a vast European network and strong presence across North America. It has over $110 billion in assets under management and more than 400 employees. Its portfolio spans around 60 businesses worth over $190 billion in aggregate enterprise value, employing more than 140,000 people and consistently growing revenues at more than 16% annually.
