Student property rental platform appoints new chairman
Proptech firm University Cribs has appointed seasoned entrepreneur David Murray-Hundley as its new chairman ahead of a second seed funding round.
With extensive scale-up experience, Murray-Hundley will help accelerate the growth of the Cardiff-based online student property rental platform. He’s worked with the likes of Borrow My Doggy, E Fundamentals, Crowdstacker and My Training Passport.
He met the company’s founders, Jack Jenkins, Daniel Jefferys and Christian Samuel, through Innovation Point’s Digital Dozen accelerator programme. The start-up was a finalist on last year’s scheme.
Jenkins said: “David sat on the judging panel when we initially pitched to be a part of the Digital Dozen accelerator. We were looking towards our next seed funding round after a promising year, and I think he took a shine to us.
“David subsequently mentored us on a one-to-one basis over the following six months on the programme. As a start-up looking to scale-up, we were facing some serious strategic business decisions during that time. His experience proved invaluable in helping us make them.”
“We feel David’s appointment as chairman will help us deliver this for our shareholders. This move will become integral to our transition from a start-up to a structured scale-up business.”
Last September, the company raised £450,000 in an angel investment round – just two months after it completed the Digital Dozen programme. Jenkins hopes to repeat this success.
He explained: “With our second round of seed funding on the way, we wanted to put a few ‘grey hairs’ on the board – a few been-there-and-done-its – and David felt like a perfect fit to guide us on that journey.”
Murray-Hundley praised the firm on the things it’s achieved in a relatively small space of time. He said: “Working with University Cribs on the Welsh accelerator, I’ve seen how the company has adapted to a challenging and constantly changing market.
“This funding round is a positive milestone on their journey, but there are some challenges ahead. I’m hoping I can use a few grey hairs to help them tackle those proactively.
“As with any young business, there will be highs and lows to come on the road to success, but I’ll be working with the team to ensure they and the shareholders see the best end result.”
Colin Batten, head of partnerships at Innovation Point, added: “We’re here to support the brightest companies in Wales disrupt the digital market. University Cribs is an exemplary company soaring to success, and we’re proud to have played a part in their story.”