Pre- and off-market real estate portal, ListingLoop.com.au, has just ended a $3 million funding round which it will put towards accelerating its growth plans.
Co-Founder and Chief Executive Officer, Rhett Dallwitz said:
“This raise will accelerate our rapid growth and expansion across Australia while continually building out our technology and AI features. From day one we’ve adopted an agile approach that allows us to cater to the needs of independent and franchisee real estate agencies, through to the growing demand from corporate real estate franchisor groups around the country.”
The round was led by investment and advisory firm LP7’s Michael Locaso, who is also Listing Loop’s Chief Operating Officer. The top investor for the round was property entrepreneur Michelle Catelan from RP Data (CoreLogic), a leading property data, analytics, and information provider in Australia. Catelan, as part of this recent news, will join the Board of Directions alongside Co-Founders Rhett Dallwitz and Andrew Meehan.
Specialist property developers Resi Ventures and technology investor Allectus Capital, along with existing sophisticated and professional investors including NBA and NBL legend Andrew Bogut, were in participation.
“We are extremely proud and excited to welcome these industry-heavy hitters as investors in ListingLoop.com.au. Each investor is as committed as we are to innovation and shaking up how real estate advertising is done in Australia.”
Listing Loop launched just three years ago by proptech guru Rhett Dallwitz and real estate director and strategist Andrew Meegan. The startup was created to offer the Australian market an option to gain access to pre-market and off-market properties. These are spaces that are not advertised through mainstream channels or aren’t being advertised by other real estate professionals.
Listing Loop offers buyers a leg-up on the competition by notifying consumers in real-time as soon as a new property hits the market, putting the consumers in the front of the virtual line when it comes to viewing a listing.
This equips agents with a competitive advantage. Consumers know that working with these agents means they’ll be getting first dibs at a property- an attractive pull that is doing wonders for the company’s image within the Australian market.