ListingLoop.com.au, an innovative proptech company in Australia, has recently secured $3 million in funding from a group of investors. The company is a unique real estate marketplace that specializes in pre-market and off-market properties, which are not typically advertised through traditional channels. This funding will help accelerate the company’s growth trajectory and expand its reach in the real estate industry.
Launched in 2019, ListingLoop.com.au was founded by proptech entrepreneur Rhett Dallwitz and real estate director and strategist Andrew Meehan. The platform provides property buyers with fast and easy access to a wide range of pre-market and off-market real estate opportunities. By connecting buyers directly with sellers, ListingLoop.com.au enables property buyers to discover hidden real estate gems that they might not have otherwise known were available.
The funding round was led by Michael Locaso, an experienced investor and advisor from LP7, who has since joined the company as its Chief Operating Officer. The lead investor is Michelle Catelan, a well-known business and property entrepreneur who comes from the founding family of RP Data, Australia’s leading provider of property data, information, and analytics. Michelle joins Rhett Dallwitz, Andrew Meehan, and Michael Locaso on the ListingLoop.com.au board.
A consortium of investors, including specialist property developers Resi Ventures and technology investor Allectus Capital, also participated in the funding round. Other existing investors include NBA and NBL legend Andrew Bogut. With this latest funding round, ListingLoop.com.au is well-positioned to continue its impressive growth and make a big impact on the real estate industry in Australia and beyond.
Rhett Dallwitz, the Co-founder and Chief Executive Officer of ListingLoop.com.au, expressed his immense pride and excitement in announcing the addition of industry leaders as investors in the company. He stated that each investor is equally dedicated to innovation and revolutionizing the real estate advertising industry in Australia.
Dallwitz believes that the funds raised through this investment will enable ListingLoop.com.au to expedite its growth and expansion efforts across Australia while continuing to develop its technology and AI capabilities. The company has always prioritized agility and flexibility, which has enabled it to cater to the diverse needs of independent and franchisee real estate agencies, as well as the growing demand from corporate real estate franchisor groups across the country.
Amidst the current housing market boom, ListingLoop.com.au is offering buyers a distinct advantage, particularly for those who are earnestly searching for their next home and are tired of losing out on potential properties. ListingLoop notifies buyers in real-time as soon as a new property is listed, enabling them to have a head start over other interested parties.
In addition, ListingLoop’s smart technology is giving agents a competitive edge in securing new listings and expediting property sales. Sellers are realizing that off-market sales can yield excellent prices without the need to pay hefty upfront advertising fees.
