A nine-year-old startup creating no code software platforms for the construction sector has raised $27.5 million in a Series A. The round for Sitemate was led by Blackbird, supported by fellow existed investors Shearwater Capital and Marbruck. The cash will go to product and engineering as well as expanding its go-to-market presence and customer base… Read more »
Sydney software proptech Sitemate has acquired fellow Startmate alumni software startup Nomad Fleet in a deal worth $2 million. Surprisingly, it’s the first time in Startmate’s 13-year history that two of the 250 startup to emerge from the accelerator program have teamed up in an M&A deal. Both Sitemate cofounder Hartley Pike and Nomad founder Will… Read more »
New Zealand building management proptech Tether has raised NZ$655,000 (A$592k) as it expands into the Australian market and Europe. The startup managed to avoid venture funding, securing backing from high net worth individuals on three continents as part of its global focus. In May 2023, Tether raised NZ$844,050 via crowdfunding platform Snowball Effect, taking the… Read more »
US private equity has swooped into Australia to back construction site safety platform HammerTech in a $105 million (US$70 m) raise. Californian investment firm Riverwood Capital has backed the Melbourne startup as it eyes off a larger slice of the US building market. HammerTech is a cloud-based performance and productivity platform for the building industry… Read more »
A construction site safety management startup has raised $4 million as it looks to expand internationally. 1Breadcrumb is a worksite and process management software platform, initially focusing on construction, with ambitions to spread to other worksites to improve safety and productivity. Nearly two-thirds of construction sites still use paper-based workflows. The company plays in a… Read more »
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 »
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