Carsales.com.au co-founder Steve Kloss has made a $1 million investment in off-the-plan property marketplace urban.com.au and proptech agency Social Garden, valuing the businesses at $40 million. Steve will also join the board of directors as part of the share sale with the deal representing “a remarkable milestone” for the Urban and Social Garden team – Mike Bird and George Glover. “We’ve known Steve for a long time and he’s informally coached us through some pretty key str

Aussie start-up Canibuild has earned a spot on the 2022 Australian Financial Review BOSS Most Innovative Companies list. The platform ranked second in the Property, Construction and Transport category, which was topped by Carter Hall for its Autom8 platform. The prestigious annual list is judged on a rigorous assessment process managed by Australia’s leading behavioural science consultancy, Inventium, in conjunction with a panel of industry experts. The assessment is based on

Australian real asset modelling innovator, Trendspek, has announced the successful completion of its series A round, raising $6.3 million, led by investment house Taronga Ventures. Trendspek’s Precision Asset Intelligence (PAI) software, provides asset management tools for the property, energy and infrastructure sectors, including the creation of 3D digital models of real assets. CEO Derek Feebrey said Trendspek was working with asset owners to provide certainty and control i

Melbourne-based urban analytics platform Neighbourlytics has closed a pre-series A investment round of $1.3 million. The round was led by ALIAVIA Ventures, the California-based venture capital firm focused on early-stage investing in US and Australian-based female founders building world-changing enterprise and consumer-tech companies. LaunchVic’s Alice Anderson Fund, the angel sidecar that co-invests in women-led startups, has also come in on the raise. The current round bri

Reapit, backed by private equity firm Accel-KKR (AKKR), announced the acquisition of Console Group Pty Ltd. Since 1992, Console has been a leading provider of Property Management and Trust Accounting Software in Australia and New Zealand, with over 2,800 real estate agencies using Console software. Console’s flagship product, Console Cloud, is the fastest-growing property management Software as a Service (SaaS) platform in Australia, with more than 2,000 businesses on the pla

Facilio, the property operations software platform leader, today announced it has raised $35 million in Series B financing led by Dragoneer Investment Group with participation from Brookfield Growth and existing investors Accel India and Tiger Global Management. Founded in 2017, Facilio offers a unified software platform that leverages an AI-led predictive engine to help real estate portfolios digitize processes and optimize their property operations. Replacing the traditiona

Australian proptech scaleups that are planning to expand to the US in the next 6-12 months are invited to apply for Austrade’s Export Acceleration Program. But you will need to act quickly as applications for the San Francisco Landing Pad will close at midnight on November 18, 2022. Travel to the US is not required as delivery is online, starting on November 22. Austrade is seeking scaleups that are born global, venture-capital backed with 12 months of runway, proven revenue

MRI Software has announced it has entered into a binding Scheme Implementation Deed to acquire 100 percent of PropTech Group Limited for an estimated value of $93.4 million.  PTG is an operator and investor in real estate software companies, primarily in Australia, New Zealand, and the United Kingdom.  The offer includes MRI acquiring PTG’s well-respected real estate software brands including VaultRE, VaultEA, EagleCRM, Real Estate Investar, Website Blue, Designly, and RentFi

Hand using laptop computer with virtual screen and document for online approve paperless quality assurance and ERP management concept.

by Benn Dorrington The Australia and New Zealand Property Journal The proptech investment boom that began amid the COVID pandemic has slowed, with start-up companies facing a tougher environment to raise money.  The fundraising slowdown spells trouble for fledgling start-ups, which are working on ways to innovate the real estate experience and the wider property industry. Square Peg Capital’s Jethro Cohen (pictured left) said investments into start-ups had fallen back to pre-

Being a proptech founder can be hard – mentally, emotionally and physically.  In this interview, Ash Farrugia from Active Pipe opens up about the life lessons he learned to become one of Australia’s most successful proptech entrepreneurs.  Earlier this year, Active Pipe was purchased by Moxiworks – a comprehensive open platform system serving more than 800 brokerages and 400,000 agents across the US, accounting for more than 20% of the country’s transactions.  Ash told the Pr

PROPTECH BY THE NUMBERS  147 members 4393 LinkedIn followers 1600 mailing list  124 award entries 78 award finalists  23 award winners 8 panels hosted 13 roundtables 1 government consultation 1 invitation to a government advisory committee 1 position paper 23 podcast interviews with members 16 live representations at conferences and events Introduction “If you want to go fast, go alone. If you want to go far, go together.” African proverb On reflection, 2022 feels like the ye

Lessons learned from two of the world’s largest technology platforms – Google and Uber – are part of the Proptech Association Australia’s main agenda at the Proptech Forum to be held in Sydney on October 13. Forum keynote speaker, Tech Council of Australia director Mina Radhakrishnan, will reflect on lessons from Silicon Valley and share how she’s using these to disrupt Australian property management. A co-founder of :Different, Mina’s years of experience include joining Uber

Debate continues in technology circles about just when human intelligence will be overtaken by robots, but even the sceptics agree it will likely happen within the next couple of decades. So as socio-technological singularity looms, Proptech Association Australia will meet next month to take a look at what a further disrupted future could look like for the proptech industry. Social scientist Nigel Dalton from Thoughtworks will headline the conversation as a keynote speaker at

by Benn DorringtonThe Australia and New Zealand Property Journal Proptech founders, investors and thought leaders shared their insights on the industry at the Proptech Association Australia’s 2022 Proptech Forum in Sydney this month. Here are our favourite insights from the conference:   Work with your critics   “I don’t think you can actually ask your customers today what they want. You’re going to have to just go and build it. So when Edward Land was making the polaroid cam

Proptech Association Australia has announced that entries are now open for the national Proptech Awards 2023. Presented by Proptech Association Australia and sponsored by Ashurst, the third annual awards will celebrate the extraordinary innovation, solutions and achievement occurring across the dynamic property technology sector.   Proptech Association Australia founder and president Kylie Davis said after a year of constant change, competition was expected to be fierce acros

Distributed Ledger Technology (DLT) has the ability to completely change how real estate is transacted.  At the Proptech Forum 2022, ASX general manager of DLT Dennis Hoenig (pictured) shared important insights into how blockchain may affect the industry’s future. “I think my objective really is to whet your appetite around this blockchain distributed ledger technolog,y and leave you thinking about what opportunities are out there,” he told the crowd. “There’s a lot of ideas

The closing date to the Proptech Awards is fast upon us. Whether it’s fame, fortune or just an opportunity to frock up with your team, there are some great reasons to get your entry in. Refine your pitch or marketing Regardless whether you are a start-up or scale-up, you can never practice your elevator pitch too often. In fact, you’d be surprised just how many established suppliers struggle to summarise their business in a simple sentence or two. The 2022 Proptech Awards ent

In isolation due to Covid, Proptech President Kylie Davis shared the following insights into the past 12 months of proptech via Zoom for the Proptech Awards 2022. I am absolutely heartbroken that I cannot be with you all in person. However, as you can probably tell, Covid caught me. And as I’m still testing positive and coughing, I figured it was safest to stay home and not turn the awards night into a super spreader event. That’s not the kind of legacy for proptech I envisio

Fred Schebesta, co-founder of global fintech Finder.com , has been announced as a headline speaker at the Proptech Forum to be held in Sydney next month. One of Australia’s most respected entrepreneurs, the best-selling author, cryptocurrency expert and international speaker will discuss How To Create a Global Tech Business. The Proptech Forum, hosted by Proptech Association Australia (PTAA), is a full-day live program designed to explore the topic: Disrupting the Disruptors.