A proptech startup used by governments and leading property developers has raised $5 million. Six-year-old Archistar was backed by existing investors NAB Ventures and Kim Jackson’s Skip Capital, with PEXA chair Prabhat Sethi also chipping in. The startup has now raised $40 million since it was founded in 2018, including $6 million in April 2021… Read more »
Sydney fintech Bridgit has raised $14.2 million in a Series A as the non-bank lender looks to offer bridging loans to homeowners moving house. The round was led by existing investor OIF. Bridgit, founded in 2021 as TechLend, previously raised $7.5 million two years ago in a round co-led by OIF Ventures and Perennial Partners.… Read more »
Early stage investment company Antler Australia recently backed a new cohort of startups as part of its ongoing program to build great local tech companies. Startup Daily is sharing the details of each venture in the “Antler Investor Memos” series, which is designed to give you a quick, sharp understanding of the startups and people… Read more »
Proptech startup FLK it over has raised $2.5 million as it looks to expand beyond real estate with its electronic document signing solutions. Former real estate agent Andrew Colagiuri founded the startup in 2016, setting out to make administrative tasks, such as tenant signing, less cumbersome. He previously raised $2.13 million in 2022 from the… Read more »
Queensland construction industry procurement platform ProcurePro has raised $6.15 million as it looks to take on the UK market. The company’s first external round was backed by AirTree and industry expert Leigh Jasper through his VC fund Saniel Ventures.\ The capital raised from ProcurePro’s first venture round will help accelerate growth in the UK as a key… Read more »
Landlord borrowing alternative Futurerent, which lends property investors up to $100,000 of their rental income in advance, has secured $50 million in debt funding and is launching a new US division of the brand called Downpayments. The venture debt was provided by US VC Second Century Ventures and California-based lender Partners for Growth (PFG), which has… Read more »
Virtual reality property walkthrough startup EnvisionVR has raised $2.585 million in a round backed by industry leaders. EnvisionVR, founded in 2019, is a mobile platform that uses virtual and augmented reality experiences for the off-the-plan property developments. In the last 18 months, more than $500 million worth of property has been showcased and sold by… Read more »
Property buying discovery app Soho.com.au has raised $750,000 from Singapore proptechVC Feedback Ventures in a deal that values the startup at more than $20 million. Launched in 2018 by Airtasker cofounder Jonathan Lui, and described as “Tinder for real estate”, Soho uses artificial intelligence to personalise real estate searches, creating an instant list of properties… Read more »
Sydney property development analytics startup PropCode has raised $400,000 in a pre-Seed round Melbourne VC Skalata Ventures and Brisbane Angels joined the cap table alongside existing investor Antler Australia. The funding will be used to continue the build of PropCode’s AI-based regulatory analysis engine for the construction industry. Cofounded in 2022 with Antler’s backing by… Read more »
BlueScope Steel’s venture capital arm, BluescopeX, Aconex cofounder Rob Phillpot’s Gravel Road, and Archangel Ventures have co-led a $1.5 million Seed round for a Melbourne proptech software startup that educates commercial builders on the benefits of engineered timber for commercial construction. The raise for CLT Toolbox was also supported by Flying Fox Ventures and Dan… Read more »
Melbourne-based proptech Listing Loop has closed the first tranche of its Series A, securing $2.1 million. Cofounder and CEO Rhett Dallwitz said the startup has more than 75% of its commitments and will finalise the balance of $500,000 over the coming weeks. “With a 174% YoY revenue growth, our company is at pivotal stage of… Read more »
The annual Proptech Awards have chosen a woman as Proptech Leader of the Year for the second year in a row, with Sarah Bell, cofounder of AiRE Software, taking the top gong, following on from Trish Mackie-Smith in 2022. More than 350 people gathered in Sydney this week for the Proptech Association Australia awards… Read more »
An Internet of Things (IoT) startup focused on home safety has raised $2.65 million in a Seed round backed by several prominent property sector investors. Sensor Global was backed by Shane Oswin, David Lynas and David Welsh, supported by Causeway Equities, and Second Century Ventures, the VC arm of the National Association of Realtors in… Read more »
Proptech Inspace has raised $6 million in a Series A for its virtual inspection software platform for commercial property promotions. The round was co-led by Facebook cofounder Eduardo Saverin’s B Capital and local VC Our Innovation Fund (OIF), an existing investor, with Investible also once again chipping in. Inspace previously raised$ 4 million in a… Read more »
Residential property management startup Different, has been handed to administrators, unable to attract new capital, despite being backed by Airtree and the Commonwealth Bank’s venture arm, X15. Seven-year-old Different Technologies Pty Ltd was placed in voluntary administration with KPMG on Thursday. Founded in 2017 by expat Silicon Valley entrepreneurs, Mina Radhakrishnan, a former Uber global… Read more »
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