Posts for Region: Australia
Top Ten PropTech Start-Up Companies in Australia
By PropTechBuzz
4/3/2024
Real estate is the largest asset class in Australia and the real estate market in Australia is projected to reach a value of US$7.56tn by 2024. The dynamic real estate market of Australia has nurtured hundreds of PropTech start-ups that are collectively generating over $1.4 billion of direct economic output. It is noteworthy that 61.2% of Australian PropTech companies export their products globally. SUMMARY Founders: Pablo Gil Brusola and Mickael Roger PropHero is an award-winning property investment platform that finds profitable investments and helps clients build a solid portfolio over time. The PropHero platform performs AI-powered data analytics related to millions of properties to discover personalised investment options for investors. From mortgage financing to insurance and property-management, the platform simplifies the entire ownership process for investors with the help of a vast network of trusted real estate and mortgage broker partners. Founders: Dr Benjamin Coorey and Robert Coorey Archistar provides intelligent insights at every stage of property development by combining the power of AI, 3D generative design and big data. Governments, architects and property developers globally are using Archistar to design, develop and test the feasibility of real estate solutions and ensure that they are compliant with architectural regulations and are financially viable. Archistar has also launched a free platform to provide property insights to the larger public who want to make informed decisions before buying property. Founders: Dan Swan and Keith Ahern RealAR has been featured in the Top 100 Innovations List in The Australian in 2022. RealAR's Augmented Reality technology provides immersive walk-through experiences in real environments on a smartphone or a tablet. Virtual walkthroughs are popular as they allow potential customers to visualise their floor plans as future living spaces. RealAR leverages AR and AI to conduct 3-D walkthroughs in an onsite or remote environment. Founders: Mark Macduffie, Michael Kelly and Damian Morgan Downsizer is an innovative start-up positioned at the intersection between FinTech, PropTech and InsureTech. The platform is aimed at senior property owners across Australia who want to move into a new home without selling their existing property or exhausting all their savings. Downsizer enables property acquisition with zero cash deposit by allowing property owners to back a deposit bond using the equity in their existing home. Leading real estate and finance professionals are turning to this platform to reach the 50+ age group market segment in Australia. Founders: Will Leaf, Ed Farquharson and Toby Ewert Landchecker is a property intelligence platform that aggregates fragmented open-source data and provides a comprehensive review of millions of properties in Australia. The platform is used regularly by real estate professionals and property investors to evaluate properties and make informed decisions. The start-up employs cutting-edge data analytics and geospatial mapping technology to generate authentic reports and visualize complex information like planning zones, planning overlays, permit activity, risk-prone areas etc. using satellite imagery. Founders: Godfrey Dinh Futurerent pays property investors up to an entire year's rent in advance. The financial offering is one-of-its-kind as it allows owners to realize a significant portion of the rent as a pre-payment with no hidden fees or credit impact. The concurrent lease entitles Futurerent to a share of the rent every month. As it is not a repayment, property owners are not required to make a payment in case the tenants default or move out. Founders: Gabrielle McMillan, Lorenz Grollo, Matthew O'Halloran and Stuart Richardson Equiem is one of the leading providers of smart technology used to conceive experiential spaces that people can interact with. With technologies like Artificial Intelligence (AI) and Internet of Things (IoT), buildings are closely integrated into user behaviour. Equiem leverages the power of user data to the advantage of property managers and tenants. With Equiem, operations, services and community engagement tools can be seamlessly connected on a single platform. Founders: Sabrina Bethunin and Quirin Schwaighofer Madecomfy specializes in the management of short-term rental properties. MadeComfy provides end-to-end property management and hospitality services to investors who want to derive maximum value from their Airbnb properties. MadeComfy has a twin advantage. On one hand, it efficiently manages the entire operations of Airbnb properties including guest management and on the other, it uses data analytics to control dynamic pricing and maximize rental yields. Owing to its spectacular performance in the short-term rental property market, Airbnb announced a strategic partnership with MadeComfy in 2019. Founders: Ashley Farrugia and Gavan Stewart ActivePipe is helping 230+ brokerages and 25,000+ brokers leverage the power of data to drive sales. Compared to simpler e-mail marketing platforms, ActivePipe analyzes data models to understand customer segmentation and creates personalized marketing content. The platform’s e-mail automation services free real estate professionals from mundane activities like cold calls and allow them to scale up their sales operations. ActivePipe is a tested tool for lead identification and it can be easily integrated into the existing CRM systems of companies. Founders: Damien Mair and Martin Lovell Joust is a home loan platform that allows property buyers to find suitable loans and lenders online. Its ‘Live Home Loan Auction’ is a ground-breaking innovation in how loans are sought and disbursed. Through this auction, lenders offer competitive rates for potential borrowers based on their credit profile. Joust has generated over $ 8 billion worth of loans for more than 25,000 home buyers in Australia. If you are a proptech company and want to promote your products for Free, go to proptechbuzz.com and submit your products. For investors or proptech buyers, sign up on our platform to stay informed about exciting updates and trends in the Proptech Ecosystem. Explore more Proptech news at media.proptechbuzz.com, for news tips and promotions, reach out to marketing@proptechbuzz.com
• Real estate is the largest asset class in Australia and is projected to reach a value of US$7.56tn by 2024.
• Hundreds of Australian PropTech start-ups are generating over $1.4 billion of direct economic output.
• PropTech innovations in the fields of property research, property management, FinTech, virtual tours, etc. are leveraging the power of advanced technologies like big data, AI and Augmented Reality (AR).
• This exclusive list by PropTechBuzz media features PropHero, Archistar, RealAR, Downsizer, Landchecker, Futurerent, Equiem, MadeComfy, ActivePipe, and Joust.1. PropHero
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Founding year: 2021
Headquarters: Sydney, Australia
Valuation: $ 21—31 million
Revenue: $ 11 million (projected)
Investors: Global Founders Capital, Jelix Ventures, Everywhere Ventures, AfterWork Ventures, Samaipata, Fifth Wall Ventures
2. Archistar
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Founding year: 2010
Headquarters: Sydney, Australia
Valuation: Total funding of $ 22.3 million
Revenue: $ 18.3 million (estimated)
Investors: NAB Ventures, Skip Capital, Skyfield, AirTree Ventures, and other private investors
3. RealAR
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Founding year: 2017
Headquarters: Byron Bay, Australia
Valuation: Total funding of $120K
Revenue: $1.2M per year (estimated)
Investors: Colliers and Techstars
4. Downsizer
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Founding year: 2019
Headquarters: Sydney, Australia
Valuation: Total funding of $ 6.1 million
Investors: Correlation Australia Holdings
5. Landchecker
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Founding year: 2016
Headquarters: Melbourne, Australia
Valuation: Total funding of $6.26M
Revenue: $ 5.5 million
Investors: Property Exchange Australia, Eli Labs, Ruslan Kogan, Salta Capital, and Royal Automobile Club of Victoria
6. Futurerent
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Founding year: 2019
Headquarters: Sydney, Australia
Valuation: Total funding of $ 57.4 million
Revenue: $ 5.7 million
Investors: OIF Ventures with participation from BridgeLane Group, Mulpha International, iPartners, MFO Investments and Second Century Ventures.
7. Equiem
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Founding year: 2011
Headquarters: Melbourne, Australia
Valuation: Total funding of $ 30 million
Revenue: $ 25.8 million per year (estimated)
Investors: Lincoln Property Company, Grollo Group, Salta etc.
8. MadeComfy
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Founding year: 2015
Headquarters: Sydney, Australia
Valuation: Total funding of $ 17.1 million
Revenue: $28.4M per year (estimated)
Investors: Commencer Capital, BridgeLane, Investec etc.
9. ActivePipe
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Founding year: 2015
Headquarters: Melbourne, Australia
Valuation: Total funding of $ 21.1 million
Investors: Acquired by Moxiworks in 2022
10. Joust
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Founding year: 2015
Headquarters: Adelaide, Australia
Valuation: Total funding of $1.8M
Investors: NOVA Entertainment
