Sydney proptech startup Yabonza has been placed in the hands of administrators after running out of capital. Mark Trowell, who spent eight years at Macquarie Group as senior project manager and innovation lead in banking and financial services, left the business in 2017 to launch Yabonza with colleague Simon Kinsey. Their startup set out to… Read more »
Arcanite, an off-the-plan sales management software solution, has set out to transform the way off-the-plan developments are sold using virtual reality and is now looking to help people crack into the property market. The proptech helps property developers and real estate agents simplify the management of their sales channels and projects, rapidly growing their networks… Read more »
PropHero, the AI-enabled digital property investment platform that helps people find, buy and manage investment properties, was named the Startup Proptech of the Year at the Proptech Association’s second annual Proptech Awards. It was one of several startup recognised alongside scaleup companies. The awards were held in Sydney with more than 300 people at the sold-out… Read more »
Payments and real estate property management platform Managed App has raised $5.3 million. The round was led by REA Group and Momentum Markets. The funds will be used to grow the sales, marketing and development teams, as the five-year-old startup looks to double its user base over the next year. Founded in 2017 by Nick… Read more »
The Proptech Association Australia (PAA) has announced the finalists in the 2022 Proptech Awards, the only nationally coordinated awards for Australia’s booming property technology sector. PAA President Kylie Davis said entries for the 2022 awards jumped 31% on last year to 124 across the 23 categories. “It’s super exciting to celebrate these success stories in… Read more »
Queensland proptech startup UrbanX has raised a multi-million dollar war chest as it looks to ramp up its disruption of the traditional real estate sales model. The round – the exact figure was undisclosed – was led by 29North co-founders Ross Hayward, Ben Korst, and Brendan Larsen, supported by Archie Douglas, co-founder of PRD Nationwide.… Read more »
Melbourne startup The Room Xchange has launched a mandatory verification feature on its house-sharing platform. Founder and CEO Ludwina Dautovic said the new ‘Verified’ feature also ensures that all profiles are real and current, with the site’s search algorithms simplifying the matching process to make it easier for people to find the right housemate based on personality,… Read more »
Residential building software platform canibuild has raised $8 million in a Series A. The round was led by EVP, with support from Regal Funds Management, with the funds earmarked towards growth in Australia, New Zealand and the US, and plans to expand into additional markets Founded in 2020 by Timothy and Stella Cocaro, Deepankur Malhotra… Read more »
Australian proptech venture PropHero has raised $1.6 million seed round for its property investment platform. The round was led by GFC Global Founders Capital and supported by AfterWork Ventures, Jelix Ventures and The Fund. The cash is earmarked to improve the company’s data models and digital customer experience, key hires, and to expand the footprint nationally across Australia… Read more »
Adelaide real estate software company HappyCo has raised US$52 million (A$72m) in a Series B and it looks to ramp up its US expansion. The raise was led by US venture capital firm Camber Creek. The cash will be used to develop new services and hire more Australian staff as co-founders Jindou Lee and Andrew… Read more »
Proptech platform Inspace, which enables real estate agents to host virtual property inspections, has raised $4 million in a pre-series A as it eyes off the US and UK markets. The round was led by Our Innovation Fund (OIF) with support from Aconex co-founder Leigh Jasper, seed VC Investible and Artesian. OIF Partner Geoff Levy,… Read more »
Marketplace lending platform CrowdProperty Australia has raised $1.5 million in a seed round as it aims to ramp up finance for SME property development. The raise was led by developer Oscar Done, supported by several property, financial services, and tech investors including Black Nova VP Alex Retzlaff and former TripAdvisor technology VP Jeff Lewis. CrowdProperty launched… Read more »
Construction contracting tech startup ProcurePro has raised $2.6 million in a seed round. The funding round included several local construction industry executives, including Geoff Tarrant, co-founder of construction progressive payments fintech Payapps, as well as several Australian and US-based investors. It will be used to accelerate Australian and international growth plans. Founder and CEO Alastair… Read more »
ASX-listed PropTech Group (ASX: PTG) has enlisted the support of fintech startups to build a buy now pay later (BNPL) real estate play. The joint venture project, called PropPay, is a payments platform that will allow real estate agents and third-party platforms to offer payments and solutions to their customers for property-related services in Australia… Read more »
After a long career in property, it wasn’t until he was buying his own home that Mark Allen ran into a common frustration that many house hunters face. Allen was trying to buy a home, but by the time he had arranged finance, the property had been taken off the market. After moving on and… Read more »
Job-ready sales talent edtech Earlywork banks $1.5 million Seed round 
Sweat re-equity: Bikini Body founders Kayla Itsines and Tobi Pearce buy back their fitness app 
Airtasker cofounder Jonathan Lui’s proptech app, Soho, banks $750,000 to hit $20 million valuation 
B2B BNPL BizPay, which hoped to list at a $400 million valuation, has been placed in voluntary administration 
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