Residential building proptech Cohabit moves in on $1.2 million raise

The round for Sydney startup Cohabit, a data and benchmarking platform for strata and residential buildings, was also supported by strata lawyer Christopher Kerin, and Sentia’s Michael Cindric. 

Cohabit soft-launched just six months ago and has already built close to 50,000 building profiles nationally, giving each property a range of an insurance risk rating and “health score” combining combining financial stability, compliance, and structural integrity; alongside other data insights and its digital history.

CEO and cofounder Thom Richards said the platform transforms how residential assets are understood and managed, giving strata managers, owners, and buyers clarity on building health and performance in a single source of truth.

“Buildings are one of the most under-utilised data assets in Australia, and it’s the owners and buyers who suffer  when this data isn’t put to work” he said.

“With Cohabit, we’re unlocking visibility  into how buildings are performing — which helps owners protect value, gives buyers confidence, and allows  managers to deliver better service with less friction.” 

Buyers are using it for strata searches ahead of investing.

Cohabit’s ‘Expert Portal’ enables strata specialists to publish digital and interactive strata reports, backed by data, directly to consumers from the platform. 

Richards said 15 leading strata inspection companies have already signed on to offer buyers and owners completely independent third-party insights and professional reports.

He adds that alongside transparency and assurance, Cohabit also delivers a reduced administrative workload and improved service outcomes .