Begin Capital

Today, we are announcing a $170 million Series B, led by EQT Group, co-led by General Catalyst, Trinity Capital and with participation from s16vc - Founders for Founders Fund, Begin Capital, DVC, joined by an outstanding group of individual backers including Max Junestrand, Victor Riparbelli, Mati Staniszewski, together with Philipp Freise. Dwelly in numbers: - Total funding to date: $260 million, including this latest round. - Founded in 2023, with 16 acquisitions completed since then. - 15,000 properties under management, placing us among the UK's top ten agencies. - $466 million in rent roll managed across the network. What this means for landlords and tenants: - Agency staff supervise our AI agents and act as advisors to landlords and tenants, allowing each agent to handle more than 300 units, up from around 100, while service quality across the network continues to improve. - Average maintenance resolution time is dropping from 50 days to a target of 10, with AI already cutting resolution times by 30 percent (yes, AI can direct a British plumber rather well). - Our platform also generates an average of 10 validated offers per property, compared with the 1 to 2 offers a traditional agency typically receives. Why this matters: This round allows us to keep building what we set out to build: an AI-native services company for residential lettings, one that performs the operational work directly on behalf of landlords, tenants, and agency staff alike. The most important part of our approach is that it raises the bar for the entire service industry across the country, improving the day-to-day experience for millions of people. We are grateful to our investors for their continued belief in this vision, and to our entire team for the work that has brought us to this point. This deal would not have been possible without the support of Zeynep Yavuz-Willson, Marc Bhargava, Jeannette zu Fürstenberg, Hemant Taneja, James Newton, Craig Fox, Emmett Ulian, Nils Petter Nygaard, Dominik Stein, Marcel Goehre, Alexander Kitsberg, and Kaushik Subramanian.

Excited to share that Saagar and I are stepping up as General Partners at Begin Capital alongside Alex and Ruslan. What makes this team genuinely special is something I don't take for granted. Four completely different perspectives, yet an uncanny ability to find conviction led consensus. Not consensus by compromise, but by alignment. It's rare and makes all the difference when backing outlier founders. I'm proud of the portfolio that we've built together and I am grateful for the continuous support from Alex Menn and Ruslan Sarkisyan. The next chapter is already well underway (stay tuned 👀), very excited to work with such a great team including Dan Lifshits, Flaviu R., Elias Schneider. To give one insight into the team dynamics; About 1.5 years after I joined the Begin team, Alex and I sat down in a café in London for my review. He looked at me and said: "You are genuinely the worst associate I have ever worked with, but the best partner I could wish for". Alex, my sincere apologies for never quite living up to your associate standard.... 😁

I've always believed that good UI/UX can make or break a great experience. Interacting with AI via text? Clearly not the best method for most users or tasks. Having to click through outdated enterprise applications? Also not the answer anyone wants. We need a better way. Designverse is our bet on how to get there at scale. So when Bogdan Iordache introduced me to Andrei M. and Robert D. it was as if I had finally found what I was searching for. The grand vision aligned, the pace of shipping and the work ethic of the whole team was outstanding, and they were winning large enterprise customers at unprecedented speed. Immensely proud that we at Begin Capital are co-leading DesignVerse's $5.5M Seed alongside Dan Mihaescu at GapMinder VC, and to finally have a co-investment with the phenomenal Bogdan Iordache at Underline Ventures 🚀 Romania has another winner in their backyard 🇷🇴 This is just the beginning. #Designverse #BeginCapital #EnterpriseAI #Romania

Rodion Shishkov and Slava Bocharov are the most inspirational founders I've ever met. The ones that never settle with marginal improvements, but rather rebuild industries from scratch. Super proud to support All3 alongside RTP Global, SuperSeed, VNV Global AB and s16vc - Founders for Founders Fund. Alex Menn, Saagar Bhavsar, Joël Van Dijk, Begin Capital https://lnkd.in/erxsDviG

Building the next chapter. We're thrilled to welcome Flaviu R., Elias Schneider and Dan Lifshits as venture partners to our team. More to come soon.. 🚀

🚀 We’re coming out of stealth with xmemory - the memory layer for AI workflows, built for precision, reliability, observability, and governance. We’re currently in closed beta, launching pilots with existing design partners and inviting a small number of new companies to work with us in shaping the best memory solution in AI. Working on one of the most interesting and technically complex problems in one of the fastest-moving markets in history is a real privilege - and a genuine engineering joy. I’m deeply grateful to everyone backing us on this journey, especially our $4M pre-seed investors: • Fly Ventures • Begin Capital • AAL VC • 33East • Inovia Capital ...and the angels and mentors who’ve been actively helping us along the way. Vadim Barshtak Mark Shmulevich Alexey Dosovitskiy Konstantin Vinogradov Pavel Danilov Fredrik Bergenlid Gabriel Matuschka Alex Menn Ruslan Sarkisyan Raif Jacobs Demetrios Zoppos Yiannis Eftychiou Dmitry Stepanov Eugene Mikhaylov, CAIA Ash Vardanian Our approach to memory is different. Rather than trying to interpret endless raw or compacted context at read time, we focus on optimizing the write path for specific memory records - structuring, cleaning, and organizing data upfront so reads become: • faster • more reliable • better aligned with the questions you already know matter most In short, we believe 90% accuracy for generic contextual memory is not enough. A better approach is to answer 95% of the most important business and system questions with precision - the ones you know you’ll ask - and leave the remaining 5% to semantic search or RAG. Check out our website, message me directly, or submit your details there and we’ll be in touch. 📍 I’ll also be in: • New York (April 5-10) • San Francisco (April 11-17) Would love to re/connect.

We're announcing $93M in funding for Dwelly, led by General Catalyst, with participation from Begin Capital, s16vc - Founders for Founders Fund, and Trinity Capital. Dwelly is building an AI-first operating system for UK lettings and property management, and scaling through acquisitions. We have disrupted one of the largest, most antiquated industries in the world, with our extremely talented operational and technical teams in the UK and the EU. Our hard work and ambition have resulted in: 🏢 acquiring 8 agencies  🏠 managing 10,000+ properties  💷 and having £200m+ GMV under management This round unlocks faster UK expansion, deeper automation across the full rental lifecycle, and new marketplace and fintech products in the future. If you’re a letting agency owner thinking about an exit or partnership, or you want to join the team building the future of renting, reach out!