Propseller Announces $1.2M Seed Funding Round

October 18, 2020

Propseller has just announced a US$1.2 million seed financing round that it plans to put towards team expansion and investing more into modernizing the real estate transaction process. 

Adrien Jorge, Founder and CEO explained:

“A real estate transaction is someone's most important financial moment, yet most of it is still happening offline, handled by traditional freelance agents who close on average only one sale and six rentals transactions per year.”

Propseller’s focus on fully digitizing real estate for Singaporeans, where it’s headquartered, started only two years ago. 

“At Propseller, we believe that consumers deserve an incomparable experience and full transparency for a fair price. It happens that technology is capable of helping to achieve this: we sell homes 2 times faster than average and our service is rated 4.8/5 on average by our clients.”

Propseller focuses on offering property owners an all-encompassing agent service that covers the initial valuation to the closing sale for half the standard commission percentage. 

Short-term goals include tripling the size of the team and lead the Singaporean market by 2021. 

October 18, 2020

Subscribe to our mailing list to get the famous, free Friday newsletter!

News and analysis to help build better online marketplace businesses, in your inbox, every Friday

Related News

Developer Generic Background
Product Roundup: Hemnet, Green Acres, FazWaz, Property Sorted and Leboncoin

Here are the product and services updates we've spotted coming from real estate marketplaces around the world this week...  ...

Read More
Affordability Calculators 1 1
Affordability Fears Are Growing – Are Real Estate Portals Paying Attention?

Only around 40% of listings on Zillow are affordable. Or, to put it another way, only around 40% of properties...

Read More
People Roundup Hero Image 3 April 25 2
People on the Move Roundup: REW, ImmoScout24 and REA India

This week's roundup of real estate marketplace comings and goings features executives on the move in Canada, Germany and India......

Read More
Cooperrocketacq 3
Rocket to Acquire Mr Cooper Mortgage Service for $9.4 Billion

Rocket Companies has announced a $9.4 billion all-share deal to acquire Mr. Cooper, the largest mortgage servicer in the United...

Read More

Editor's Pick