ActivePipe, a rapidly growing real estate tech startup, has secured $5.9 million in a Series A funding round led by NAB Ventures, the venture capital arm of National Australia Bank (NAB). PieLab Venture Partners, Australia’s first and only venture capital fund focused on real estate and proptech, also contributed to the funding round.
Founded in 2015 by Ashley Farrugia and Gavan Stewart, ActivePipe has developed an email communications platform that automates the process of nurturing a real estate professional’s database. The platform uses automated tools to identify where a contact is in the property ownership lifecycle, such as being a tenant, owner occupier, investor, looking to sell or looking to buy. It then sends them customized, curated communication in the form of email on a periodic basis, making it easier for real estate agents, property managers, and other professionals in the industry to stay connected with their clients.
ActivePipe’s CEO, Farrugia, expressed his delight in closing a funding round soon after securing $1.8 million in its pre-Series A round last August. He stated that the company’s growth in Australia is accelerating, and it is now well-positioned to seize the global opportunity for ActivePipe. He emphasized that buying and selling real estate is a people business where technology can significantly enhance the customer experience. ActivePipe is equally relevant in the US and UK, as it is in Australia, where users have enjoyed excellent ROI on their investment in the platform.
ActivePipe has expanded into the UK, and with plans to enter the US market, it now services over 50 brands, including McGrath, Ray White, and LJ Hooker, as well as over 1,150 real estate offices. The startup has gained significant traction across Australia and globally, making it one of the most successful real estate proptech startups in Australia, with multiple rounds of funding. The growth of ActivePipe is being closely monitored as it expands globally, particularly as it seeks to establish itself in some of the largest US-based real estate brokerages.
