Estate agent comparison platform OpenAgent has closed a AUD$12 million ($9.3 million) in a Reinventure-led funding round while non-profit startup TechSydney raises A$550k ($424k) crowdfunding.
OpenAgent secures $9.3m Reinventure-led Series B
Real-estate platform OpenAgent has raised an AUD$12m ($9.3m) in new equity funding in a round led by Reinventure which also saw participation from Qualgro and Breakthrough Labs. This round marks the first investment from Reinventure’s new A$50-million ($38.5 million) fund and ASEAN-focused Qualgro’s second Australian deal.
The proceeds from this investment will be used to fund the development of the OpenAgent platform and expand the company’s reach across Australia.
Co-founder Zoe Pointon claimed that the startup has doubled in size over the last year to more than 60 employees, in addition to claiming that 10.000 people have used OpenAgent in the past year to facilitate the process of listing their property on the market.
OpenAgent aims to help property sellers find real estate agents to work with based on aggregated customer reviews and sales data. The Sydney-based startup has reached a total AUD$18.93 million ($14.60 million) funding in three separate rounds since its creation in 2012.
TechSydney raises $424k via crowdfunding
TechSydney, a Sydney-based non-profit startup supergroup, has successfully raised AUD$550,000 ($424,000) via crowdfunding in an effort to transform Sydney into one of the world’s most prominent startup ecosystems.
The group, with the backing from large groups such as Atlassian or Airbnb, has also secured funding from early-stage startup founders. This is the most successful-ever campaign by a non-profit on crowdfunding website Pozible.
CEO Dean McEvoy said, the group will be establishing a strategy aiming to capture talent overseas as well as making inner city office space more accessible to new startups.
McEvoy said, he will also be working closely with corporate venture capital firms to get them better connected with the opportunities in high-growth tech startups.