Next Place, one of Australia’s property portals, today announced it had received significant financing from some of Australia’s leading investment executives.
The sophisticated investors are led by highly regarded specialists John Corrie from Morgans stockbroking and Michael Millner, Deputy Chairman of the publicly listed Brickworks Limited (ASX:BKW).
Michael Millner will chair the expanded board, adding significant leadership value to the high calibre investment team.
Next Place was launched by Sydney Entrepreneur, Dan Tarasenko in April, 2013 and today gives users access to more than 300,000 property listings from more than 200 real estate websites and 8000 agents across Australia and New Zealand.
“This financing represents a significant mark of confidence in Next Place and our aggressive growth plans from this group of respected, highly experienced investors,” Mr Tarasenko said.
In an interview with Property Portal Watch, Mr Tarasenko commented: "An agreement has been made with the investors not to disclose the exact amount of the transaction, however we plan to use the money to invest in our technology and marketing so we can further improve our offering to both agents and users and spread the word about our great service! We will be able to add more agents to our index faster and build upon our innovative search features."
Mr Tarasenko added the investment was particularly noteworthy given the extremely competitive nature of Australia’s property portal sector.
“This arena is dominated by two major media players. However, we believe we have a disruptive business model and that we’re driving some real innovation in this space,” he said.
This high powered backing adds to support received from leading US webhost, Liquid Web. That partnership guarantees Next Place $25000 financial assistance with web hosting and access to the Liquid Web Enterprise support team through to June, 2014.
About Next Place:
Next Place Australia
Next Place is Australia's fastest growing real estate search engine.
Next Place uses powerful ‘next generation’ technology that allows users to search for property like never before. This includes the ability to search for specific terms often missed by other real estate search engines and geospatial ‘Draw My Search’ capabilities that allow users to select exactly what areas they’re interested in. For agents, the search engine offers a cost-free new way of listing their properties and bypassing the need for subscription fees and featured listing costs. Take control of your property search with Next Place Australia.
John Corrie has more than 30 years’ experience in the investment industry, beginning his share broking career as an operator on the floor of the Sydney Stock Exchange. Since then he has worked as a Private Client Advisor for a number of firms including Charles H Smith, James Capel (in London), Horden Utz & Bode, Jacksons, Hattersley & Maxwell, and Bain & Company.
Michael Millner, M.A.I.C.D:
Mr. Michael John Millner has more than 28 years’ experience in the rural industry and has extensive investment experience. Mr Millner has been a Deputy Chairman of Brickworks Limited since 1998. He served as a Non-Executive Deputy Chairman of Washington H. Soul Pattinson & Co. Ltd. from 1998 until October 1, 2012 and as a Non-executive Director of Washington H. Soul Pattinson & Co. Ltd. from 1997 until October 1, 2012.