PropTech company PropHero has raised capital to support its growth both in Australia and internationally. The funds will also be used to enhance the company’s data models and digital customer experiences, as well as to recruit key staff. PropHero plans to expand its partner referral channels in mortgage broking, accounting, and financial advisory. The funding round was co-led by venture capital firm Fifth Wall and early-stage pan-European fund Samaipata, along with existing PropHero investors Jelix Ventures and AfterWork Ventures.
PropHero’s digital property investment platform aims to revolutionize the way Australian and European property investors find, buy, and manage their investment properties. The platform combines data-driven and AI-led insights with personalized digital user experiences supported by human expertise. After a property strategy consultation with a property coach, the platform provides clients with personalized recommendations and makes it easy for them to buy and manage their property by providing access to a network of trusted real estate professionals who assist with the inspection, offer, financing, and ownership process.
Fifth Wall partner and European lead Miguel Nigorra Esteban believes PropHero’s Buy-To-Let (BTL) model can make real estate investing more accessible and less intimidating for investors. With the help of data-backed algorithms and an already impressive track record, PropHero is well-positioned to become a global, approachable solution in the real estate investment market. Investment into Australia’s FinTech sector reached a record high in 2021, with $3.8bn invested through 205 deals, according to data by FinTech Global.
