Proptech offering Listing Loop has managed to raise $3 million — and garnered two new executives in the process.
The start-up revealed it had successfully closed the funding round, which aims to enable the company “to accelerate its existing strong growth trajectory”.
Michael Locaso, from investment and advisory firm LP7, led the raise, which also saw him come on board as a co-investor in the round.
Since his involvement, he’s been named by Listing Loop as the business’s new chief operating officer.
Business and property entrepreneur Michelle Catelan been revealed as the lead investor, having hailed from the founding family of RP Data, now CoreLogic.
Ms Catelan will now sit on the Listing Loop board, alongside Rhett Dallwitz, Andrew Meehan and Michael Locaso.
Other investors in the proptech company now include a consortium led by specialist property developers Resi Ventures as well as technology investor Allectus Capital.
The new investors add to the likes of NBA and NBL basketballer Andrew Bogut, among other “existing sophisticated and professional investors” in the start-up.
Weighing in on the successful fundraising, co-founder and CEO of Listing Loop Rhett Dallwitz explained that the raise will “accelerate our rapid growth and expansion across Australia while continually building out our technology and AI features”.
He said: “From day one, we’ve adopted an agile approach that allows us to cater to the needs of independent and franchisee real estate agencies, through to the growing demand from corporate real estate franchisor groups around the country.
“We are extremely proud and excited to welcome these industry heavy hitters as investors in ListingLoop.com.au.
“Each investor is as committed as we are to innovation and shaking up how real estate advertising is done in Australia.”
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Grace is a journalist across Momentum property and investment brands. Grace joined Momentum Media in 2018, bringing with her a Bachelor of Laws and a Bachelor of Communication (Journalism) from the University of Newcastle. She’s passionate about delivering easy to digest information and content relevant to her key audiences and stakeholders.