CarSales Founder Steve Kloss Invests in Urban.com.au and Gets Board Seat

September 28, 2022
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The Australian primary real estate marketplace company Urban.com.au has secured investment from CarSales.com.au founder Steve Kloss.

Kloss joins the portal's board after being persuaded to invest A$1 million in Urban by CEO Mike Bird and Managing Director George Glover.

The board seat was offered in recognition of Kloss's "solid strategic advice and high-touch involvement” at Australian autos portal CarSales. Kloss's experience is expected to help Urban.com.au evolve its offering from an advertising platform to a transactional one.

Bird said of the appointment:

"We’ve known Steve for a long time, and he’s informally coached us through some pretty key strategic decisions over the years, so we’re stoked that he’s backing us to deliver on the next phase of our strategy given his experience with high-growth marketplace businesses.

"We have taken a keen interest in how Carsales Select is transforming the purchasing process by taking transactions online.

"We want to do something similar and partner with the best agents and agencies in the market to deliver property developers a fixed price per sale which helps them manage cost and reduce risk."

Urban is a specialist off-plan and new development portal. It mainly competes with the primary market offerings of Aussie giants REA Group and Domain

September 28, 2022
Harvey is an experienced property journalist and copywriter. He has written about the property industry since 2015, starting at The Property Franchise Group in the UK, before moving to Spain to work for Spotahome. He has blogged for the private rented sector, ghostwritten for UK property experts and written case studies for franchise owners around the UK. Harvey joined Online Marketplaces as a News Editor in 2022.

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