Digital property investment platform PropHero raises $8m to advance global operations
A Sydney-based proptech using data and artificial intelligence (AI) to help investors secure residential property is looking to bulk up operations and expand its international footprint after raising $8 million in a seed funding round co-led by Fifth Wall and Samaipata.
PropHero’s oversubscribed raise also saw participation from venture capital firms Jelix Ventures and AfterWork Ventures, which both participated in the company’s $1.6 million pre-seed funding round eight months ago.
The fresh capital will be used to build an integrated online property investment service, improve the company’s data models and digital customer experience, grow partner referral channels in mortgage broking, accounting and financial advisory, hire for key roles and expand the company’s geographic footprint into new international markets.
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