Propseller Announces $1.2M Seed Funding Round

October 18, 2020
Share this Post: 

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. 

October 18, 2020

Subscribe to our mailing list to get the famous, free Friday newsletter!

News and analysis to help build better online marketplace businesses, in your inbox, every Friday

Related News

Nils K
Ringier's Nils Körber on ArtificiaI Intelligence, Training the Machine, and Talking about Problems

"What would you do with one million interns?" The award for the best question at the PropTech and Portal Watch...

Read More
Untitled Design 13
As OnTheMarket Hits 15,000 Advertisers, Zoopla Fights Back with Big Agency Deal

The British property portal Zoopla has announced a new long-term listings deal with Dexters, one of London's top agencies with...

Read More
Untitled Design 12
LeBonCoin Suffers Data Leak and Boliga Comes Under Cyber Attack on Same Weekend

LeBonCoin, the leading French horizontal marketplace owned by Adevinta, has acknowledged that some of its users' personal information was exposed...

Read More
Number 2S Challenging Hero Image 2
Analysis: Can Zoopla, Realtor.com and Domain See Off Challengers and Close the Gap to Market Leaders?

Well-funded challenger portals have been generating a lot of headlines in the industry recently. CoStar has been explicit about its...

Read More

Editor's Pick