Open Agent pockets $12m for estate agent platform

Open Agent, a Sydney-based proptech startup connecting sellers to estate agents, has raised $12m in a new funding round.

The financing was led by Reinventure, which recently closed a new $50m fund to continue investing in Australian fintech and affiliated industries on behalf of Westpac Bank.

Breakthrough Labs and Singapore-based fund Qualgro also participated in the Series B round.

The company aims to help customers find the right estate agent for them based on customer reviews and sales data.

It claims to have helped 10,000 people take their property onto the market since launching in 2012.

Open Agent says it will use the capital to expand its reach, as well as develop new services to help property sellers.

The company’s now raised just short of $19m across three rounds of funding.

Copyright © 2016 FINTECH GLOBAL

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