Business News Australia: Bailador leads $25m Series A round for property investment platform PropHero
PropHero, a Sydney-based technology company that harnesses artificial intelligence (AI) and big data to identify property investment opportunities, has raised $25 million in a Series A round led by Bailador Technology Investments (ASX: BTI).
The raise represents roughly 70 per cent of PropHero's run rate revenue of $35 million, as it grows at more than 200 per cent annually with operations in Australia, Spain, Indonesia and Ireland.
Bailador's $12.5 million investment contributed to half the raise total, with the remainder coming from Fifth Wall, Samaipata, Opera Tech Ventures, AfterWork Ventures, and Jelix Ventures, all of which took part in PropHero's $8 million seed round except Opera Tech.
Launched in 2021, PropHero is led by its co-founders and co-CEOs Mickael Roger and Pablo Gil Brusola, who have ambitions to build PropHero into the global one-stop shop platform for real estate investment.
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