Building marketplace ArchiPro has raised $32.6 million in a Series A.
The round led by New York-based Tiger Global, with support from Icehouse Ventures, and Queenstown-based Liger Trading.
The business previously raised $4.7 million in 2021 from Kogan.com founder Ruslan Kogan and Catch.com’s Hezi Leibovich.
The new funds will be used to accelerate ArchiPro’s local growth, with plans hire between 100-150 new staff on both sides of the Tasman before the end of 2022, taking the team to more than 300, as well as introducing a range of new features
ArchiPro is now the building industry’s largest online platform, connecting people wanting to build or renovate with the products and professionals they need to make it happen. It now has more than 400,000 active users, 4,000 live building projects and more than 40,000 products across Australia and New Zealand.
The business launched in Australia in October last years and co-founder and CEO Milot Zeqiri said they now have more than 100,000 active monthly users there.
“We’ve set out to transform the way we build our homes and cities, making it easier to build quality living and working environments, with the occupant’s health and wellbeing front and centre of the design,” he said.
“The fluctuating construction costs and supplier shortages seen during the pandemic show a heightened need for the industry to work more closely together to keep projects on track.
“ArchiPro brings all of the verticals involved with the wider industry together under one roof, so that users can find, source, and budget for everything they need within one place, from the architects, landscapers and interior designers, to the construction materials and home furnishing products.”
Zeqiri co-founder the business in 2014 with his wife Brittany Gribben.
Tiger Global partner Griffin Schroeder said ArchiPro created a holistic approach to the fragmented building and home improvement industry.
“We believe there is a strong demand for this unique platform and we are thrilled to partner with the ArchiPro team and help them drive growth,” he said.
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