PropHero Secures Record-Breaking 25M (AUD) Series A to Scale AI-Powered Real Estate Investing
PropHero is a property investment platform that uses advanced technology, Big Data, and AI to help users find, buy, and manage high-return, low-risk investment properties in Australia.
PropHero, the AI-driven real estate investment platform, has raised a record-breaking $25.1 million Series A, making it the largest Series A round for an Australian proptech company. The round was led by Bailador Technology Investments Limited, with participation from Fifth Wall, Samaipata, Opera Tech Ventures, AfterWork Ventures, and Jelix Ventures.
Founded in 2021, PropHero is transforming property investing by harnessing AI to analyze millions of data points, helping users identify, renovate, and manage high-growth investment properties. With over 8,000 users across 40+ countries and $1.22 billion in managed real estate assets, the company is scaling rapidly—and doing so profitably.
“Property is a huge global asset class that has been underserved by digital transaction solutions,” said David Kirk, co-founder and managing partner of Bailador, who is joining PropHero’s board of directors.“PropHero provides a world-leading solution for investors, demonstrated by very high growth, word-of-mouth customer acquisition, and a high proportion of customers returning to purchase multiple properties.”
AI is Reshaping Real Estate Investment
At the core of PropHero’s success is its ability to leverage AI for smarter property investment decisions. The company’s data-driven platform identifies properties with strong potential for long-term growth, removing much of the guesswork from real estate investing.
PropHero has seen over 200 percent annual revenue growth and ranked #2 in Deloitte’s 2024 Tech Fast 50, reinforcing its position as one of the fastest-growing real estate technology companies.
Beyond investment insights, PropHero’s impact extends to sustainability. The company’s renovation projects saved more than 25,000 tons of CO2 in the past year, the equivalent of planting 1.1 million trees.
What’s Next for PropHero?
With this new funding, PropHero plans to:
Expand into Australia, Spain, Indonesia, and Ireland, accelerating its international growth
Develop its Generative AI-powered Real Estate Wealth Advisory platform, giving investors an AI-driven advisor at their fingertips
Double revenue to $50 million while maintaining profitability, reinforcing its ability to scale sustainably
“This raise will help us deliver our vision of offering everyone a Real Estate Wealth Advisor in their pocket, powered by Generative AI,” said Mickael Roger, co-founder and co-CEO of PropHero.
With strong financial backing and a rapidly expanding user base, PropHero is set to transform the way investors approach real estate. By combining AI-driven insights, sustainable practices, and global expansion, the company is positioning itself as a leader in the next era of real estate investment.
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