News

April 3, 2025

AI proptech startup Tract shuts down, founders admit ‘stupid’ mistakes

Overspending on contractors and ‘a trip to America’ contributed to company’s downfall, cofounders say

Martin Coulter

2 min read

Tract, the AI-powered proptech startup which hoped to solve the UK’s housing crisis, has shut down. 

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Tract cofounders Jamie Rumbelow and Henry Dashwood
Tract cofounders Jamie Rumbelow and Henry Dashwood
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Martin Coulter

Martin Coulter is Sifted's news editor, based in London. You can follow him on LinkedIn and X

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