Propseller has just announced a US$1.2 million seed financing round that it plans to put towards team expansion and investing more into modernizing the real estate transaction process.
Adrien Jorge, Founder and CEO explained:
“A real estate transaction is someone's most important financial moment, yet most of it is still happening offline, handled by traditional freelance agents who close on average only one sale and six rentals transactions per year.”
Propseller’s focus on fully digitizing real estate for Singaporeans, where it’s headquartered, started only two years ago.
“At Propseller, we believe that consumers deserve an incomparable experience and full transparency for a fair price. It happens that technology is capable of helping to achieve this: we sell homes 2 times faster than average and our service is rated 4.8/5 on average by our clients.”
Propseller focuses on offering property owners an all-encompassing agent service that covers the initial valuation to the closing sale for half the standard commission percentage.
Short-term goals include tripling the size of the team and lead the Singaporean market by 2021.