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    NAB Ventures leads $5.9m Series A funding round for real estate startup ActivePipe

    ActivePipe, a startup in the real estate industry, has secured a Series A funding round worth $5.9 million. The round was led by NAB Ventures, the venture capital arm of National Australia Bank (NAB).
    Ezra PROBy Ezra PROFebruary 27, 2018No Comments2 Mins Read
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    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.

    ActivePipe Ashley Farrugia Gavan Stewart NAB Ventures PieLAB PieLab Venture Partners Proptech Funding
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    Previous ArticleJonathan Lui’s property app Soho raises $1.65 million due to growth exceeding expectations
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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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