Manchester-based Street Group has secured a strategic partnership with leading private equity firm Hg Capital, marking our fourth successful exit in just twelve months as well as a significant win for the region.
Co-CEOs and siblings Tom and Heather Staff will continue to lead the Manchester-based proptech innovator, which has built a comprehensive operating system for estate and letting agencies across the UK. Street.co.uk serves as a powerful prospecting and lead-generation platform, while Spectre delivers an expanding suite of AI-native products, including Cortex – a tool that enables agencies to build their own AI agents tailored to their specific needs.
PXN first backed Street Group in December 2024. Up until then, the founders had exclusively bootstrapped the business, making PXN Street Group’s first and only VC investor. Having invested across our EIS, VCT, and NPIF II (in partnership with the British Business Bank), this latest deal represents a 4.4x return for PXN.
Today Street Group’s products are used across thousands of estate agency branches nationwide, making it one of the leading names in PropTech. It’s a journey that reflects both the exceptional founders and the talent Street Group has been able to attract as well as the impact that comes with backing the North’s best talent.
A big thanks to PXN Investment Director Peter Carway, who was instrumental in this deal. Peter has worked closely with Tom, Heather, and the wider team throughout their growth, providing governance and strategic support every step of the way.
