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    Agents

    Multimillion-dollar funding round secured by UrbanX to fuel innovation and expansion for real estate agents

    Ezra PROBy Ezra PROMarch 27, 2023No Comments2 Mins Read
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    UrbanX, a white-label digital platform for real estate agents, is shaking up the traditional model by enabling high-performing agents to establish their own brands and work for themselves. By partnering with UrbanX, agents can leave behind the stresses of managing marketing, administration, accounts, and training, and focus on their core expertise of selling houses. Co-founder and CEO Dan Argent, who worked as an agent for a decade himself, recognised that the traditional model was flawed, with agents receiving just 25 percent of their commission after tax and superannuation deductions. With UrbanX, agents keep up to 90 percent of their earnings.

    In only three years of operation, UrbanX is on track to sell $3 billion worth of property and expanding rapidly across several Australian states and territories, with plans to launch in the ACT soon. Recently, they finalised a multimillion dollar investment round, led by 29North co-founders Ross Hayward, Ben Korst, and Brendan Larsen, which will accelerate UrbanX’s growth and fund the next stage of their IT platform to help agents work more efficiently. The company aims to work with 20 percent of the top 20 percent of agents in Australia and New Zealand by 2030.

    Archie Douglas, co-founder of PRD Nationwide and an investor in UrbanX, will chair the board, and Oliver Talbot, a prominent M&A lawyer, and Gordon Tan, an IT expert, will join UrbanX as non-executive director and CTO, respectively. UrbanX is revolutionising the real estate industry by empowering agents to work independently, create their own brands, and keep more of their earnings, while UrbanX takes care of the back-end operations.

    29North Archie Douglas Ben Korst Brendan Larsen Dan Argent Gordon Tan Oliver Talbot PRD Nationwide Ross Hayward UrbanX
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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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