Canadian real estate platform Bazinga! has been acquired by shelf company Hamilton James & Bruce Group (HJB) which is backed by some of Australia's leading dealmakers, reports The Australian Financial Review.
Founded in Vancouver in 2012, the Bazinga! real estate technology platform services apartment buildings and disrupts the clunky strata apartment model traditionally used by property developers.
Founder Joseph Nakhla spotted a gap in the market for a product to encourage efficient communication between council and residents, consolidate documents and records, and empower people to protect their investment.
AFR’s sources said HJB will look to raise up to AUS$10 million to accelerate Bazinga!'s growth in Canada and the US.
HJB is chaired by Ironbridge partner Mike Hill who is joined around the boardroom table by former APN News & Media chief executive Brett Chenoweth and Reunion Capital Partners' principal Mike Everett.