Deckard Technologies, a GovTech platform helping local governments optimise tax revenue and improve compliance across property rentals, has raised $3.9m in growth credit from Australia-based Mighty Partners.
The non-dilutive funding will accelerate Deckard’s expansion into the long-term rental (LTR) market, an area it believes is up to seven times larger than the short-term rental (STR) sector. The company also plans to expand its sales and service teams to meet rising demand.
Founded in Australia and now headquartered in the US, Deckard has grown revenue by more than 60% in the past year.
Its flagship platform, Rentalscape, is used by more than 400 jurisdictions across the US, Canada and Australia to oversee compliance for over 250,000 STR properties.
The company is now turning its expertise to the LTR market, aiming to support municipalities in tackling issues such as housing affordability, tenant safety and property oversight.
Deckard Technologies CEO Nick Del Pego said, “This growth credit facility from Mighty Partners represents a significant step forward for Deckard Technologies as we expand our mission of empowering local governments with cutting-edge tools to modernize property oversight. By entering the long-term rental market, we’re addressing some of today’s most pressing municipal challenges, like housing affordability and tenant safety, while unlocking a market opportunity that is multiple times larger than short-term rentals.”
He added, “The non-dilutive funding allows us to accelerate innovation and growth while maintaining our vision and control, ensuring we continue delivering value to our customers and communities worldwide.”
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