PropHero Secures Historic $25.1M to Revolutionize Real Estate Investment

In a landmark moment for the Australian proptech industry, PropHero has successfully raised $25.1 million in its Series A funding round—the largest in the country’s history for a proptech startup. This milestone signifies not just investor confidence in PropHero’s vision but also a major leap forward in AI-powered real estate investment.

AI-Driven Innovation Reshaping Real Estate Investment

Founded in 2021, PropHero has transformed real estate investment by leveraging artificial intelligence to analyze vast datasets, identifying prime investment opportunities. The platform recommends locations with high-growth potential, enabling investors to make data-driven property decisions with ease.

Since its inception, PropHero has amassed a thriving user base of 8,000 investors across 40+ countries, generating an impressive $24 million in annual revenue. This rapid growth underscores the platform’s effectiveness and its increasing global appeal.

Strategic Investment and Visionary Growth Plans

This funding round was led by Bailador Technology Investments Limited, with participation from Fifth Wall, Samaipata, Opera Tech Ventures, AfterWork Ventures, and Jelix Ventures. With these strategic investors on board, PropHero is poised for rapid expansion.

The fresh capital will be directed toward enhancing the company’s GenAI Real Estate Wealth Advisory platform, which is already transforming the industry by replacing traditional buyer’s agents and wealth advisors. The platform streamlines the entire investment journey, from property discovery and purchase to ongoing asset management, while integrating services such as mortgage brokering, conveyancing, financial advising, and property management.

Expanding Global Presence and Strengthening Operations

With an eye on global expansion, PropHero aims to bolster its teams and strengthen operations in its existing markets—Australia, Spain, Indonesia, and Ireland. The company’s overarching mission is to democratize access to real estate expertise, ensuring that investors at all levels can make informed decisions with confidence.

A Bold Vision for the Future of Real Estate

PropHero’s co-founder and co-CEO, Mickael Roger, expressed enthusiasm about the company’s vision, stating, “This raise will help us deliver our vision of offering everyone a Real Estate Wealth Adviser in their pocket, powered by Generative AI.”

The company’s commitment extends beyond profitability. According to Roger, “Our mission is to transform real estate for the greater good: delivering high returns for investors, great living conditions for tenants, and energy savings through renovations.”

Sustained Growth and a Profit-Driven Strategy

The proptech leader has set ambitious revenue goals, projecting a doubling of revenue to $50 million this year while maintaining profitability.

Pablo Gil Brusola, co-founder and co-CEO, reaffirmed the company’s core values, emphasizing transparency and trust in property investment: “PropHero’s success stems from our commitment to transparency, with all data available to clients through our app.”

Strategic Leadership and Industry Recognition

Following this milestone funding round, David Kirk, co-founder and managing partner of Bailador, is set to join PropHero’s board of directors, further strengthening its leadership team.

With record-breaking funding, a commitment to AI-driven real estate solutions, and an ambitious roadmap, PropHero is on track to revolutionize property investment worldwide.