Australian property management startup raises $3.5 million, expands to Brisbane

Australian property management startup raises $3.5 million, expands to Brisbane
Australian property management startup raises $3.5 million, expands to Brisbane

Australian proptech startup :Different has announced it raised $3.5 million in its latest funding round to continue its national expansion.

The fund raising coincides with the company’s launch into Brisbane today.

:Different is a full-service property management startup where property owners pay a fixed fee of $100 per month instead of a percentage based on the rental price of the property.

The appeal of :Different is their tech base which automates the everyday tasks of a property manager.

:Different’s owner app provides 24/7 access to documents like lease agreements, statements, and maintenance requests, while the tenant app helps streamline requests and fast track communications. 

Over the last 12 months, :Different’s customer base has grown five folds with more than $700 million worth of properties now under management across New South Wales and Victoria, while its team has quadrupled to 32.

The latest funding round supports :Different’s ambitions to expand into new markets, further enhance its tech platform and continue to build its team of expert property managers, said Mina Radhakrishnan, Co-Founder at :Different.   

"We’ve already had huge success since launching in Sydney and Melbourne, and we’re thrilled to offer the same great offering to Queenslanders," Radhakrishnan said.

"We have big growth ambitions for :Different. This latest funding round will help us continue to rebuild property management in Australia and beyond."

Tags: 
Property Management Brisbane

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