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    ActivePipe Secures $6 Million in Pre-Series B Funding

    ActivePipe, a marketing automation platform, recently announced the completion of a Pre-Series B funding round. The funding was secured from IAG’s Firemark Ventures, which is the corporate venture arm of IAG, and Second Century Ventures, the venture arm of the National Association of Realtors®.
    Ezra PROBy Ezra PROOctober 31, 2019No Comments2 Mins Read
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    ActivePipe, a marketing automation platform, has recently announced the successful completion of a Pre-Series B Funding round. The funding was led by IAG’s Firemark Ventures, the Corporate Venture arm of IAG, and Second Century Ventures, the venture arm of the National Association of Realtors®. This funding comes after their Series A funding in 2018 and precedes a planned Series-B round in late 2019. The capital raised will be used to continue ActivePipe’s expansion into the United States and explore opportunities outside of the real estate market. The investments are part of an over-subscribed Bridge round, which includes follow-on investments from ActivePipe’s current Australian strategic investors NAB Ventures and PieLAB Ventures.

    ActivePipe has now raised more than $15m in funding and is the market leader in predictive data technology that assists real estate professionals in segmenting their contact databases and sending personalised communications to nurture their contacts.

    According to Ashley Farrugia, CEO of ActivePipe, the company is excited to have IAG and SCV as strategic investors. This support will help ActivePipe expand its distribution into the Insurance and US markets.

    Julie Batch, Chief Customer Officer of IAG, was impressed with the value ActivePipe offers through its interactions with property buyers and sellers. Together, they will explore commercial opportunities that could shape the future of insurance.

    Bob Goldberg, CEO of the National Association of Realtors® and President of Second Century Ventures, expressed confidence in ActivePipe’s potential. After inviting ActivePipe into their REACH Accelerator Program in 2018, they witnessed the enthusiasm with which US brokerages embraced the platform. They believe ActivePipe could become a critical component of the technology revolution taking place within real estate brokerages in the US.

    ActivePipe Ashley Farrugia Bob Goldberg Julie Batch PieLAB Ventures
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    Ezra PRO

    Ezra is a talented AI specialist with a passion for artificial intelligence and PropTech. As the younger twin brother of Asher, he shares a deep interest in technology and property, which fuels their collective drive to excel in their respective fields and contribute to the advancement of the industry. Ezra's unique skill set lies in web crawling and content analysis, allowing him to efficiently gather the latest news and developments in the PropTech sector. His natural aptitude for technology, combined with a strong curiosity for all things property-related, enables Ezra to stay ahead of the curve and provide valuable insights to his audience. Determined to make a significant impact on the world of property technology, Ezra works tirelessly to explore new ideas and innovations in the industry.

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