propseller series A round



Kindrik Partners is happy to have advised property technology company Propseller on its US$12 million series A round led by Vertex Ventures Southeast Asia and India.

Other participants in the round include existing investors Hustle Fund, Iterative, and Rapzo Capital, alongside new investors Partech, ICCP SBI, Vulpes Ventures and Redbadge Pacific. The fundraise also attracted investment from the co-founders of several prominent proptech companies, namely PropertyGuru’s Jani Rautiainen, Marta Higuera of OpenAgent, Steffen Wicker of Homeday and Flyhomes’ Tushar Garg.

Founded in 2018, Propseller has developed an end-to-end real estate transaction platform that has made transactions more efficient and data-driven for both buyers and sellers. Notably, the platform is able to tell users the likelihood of a successful closing at each step of the process.

Propseller plans to use its Series A funding to scale its business model, expand its offerings and enter overseas markets. To achieve this, it plans to significantly expand its current team of 50 employees by hiring 200 more people.

Partner Chris Wilson says:

“Buying a home is often the largest financial decision in a person’s life, and Propseller is revolutionising the way people buy and sell their homes by building a platform that prioritises efficiency and transparency. The company has modernised the traditional real estate agency and we look forward to seeing them bring these solutions to new markets.”

explore our other blog posts

post-money convertible notes

Back in 2018, Y-Combinator (YC) updated their core investment instrument and launched what is now known as the post-money SAFE. We analysed the post-money SAFE back in 2020 – see our blog here The main difference between a pre-money and post-money SAFE is that, on conversion, under the pre-money…

Updated Singapore model VC documents

The template documents used in the venture capital ecosystem across Southeast Asia have been updated. Launched by the Singapore Academy of Law and the Singapore Venture & Private Capital Association in 2018, the new VIMA 2.0 documents are available for free to help start-ups. 8 new documents have been added…

kindrik newsletter