PropBidder, a Denver, CO-based provider of a SaaS-enabled online bidding marketplace, raised $1M in Seed funding.
The round was led by Lightspeed Venture Partners, Futureland Ventures, and Sequoia Capital, with participation from John Hennessy, Ray Wirta, and Jon Oringer.
The company intends to use the funds to accelerate customer acquisition on top of its customer base and to scale its team and enterprise residential brokerage partners across many new and existing US metros.
Launched in 2020 by CEO Mikael and CTO Sisney Hastrup, PropBidder is a SaaS enabled online bidding marketplace for homes and condos. The web-based software allows real estate agents, realtors, and brokers the ability to plan, manage, and participate in a variety of online bidding processes, in order to make the process of placing and receiving offers on homes more efficient and simpler, for agents and their clients alike. With PropBidder’s patent protected automated offer scoring feature, buyers and buyer’s agents gain real-time feedback on their offers based on terms such as cash amount, financing, contingencies, and many other items, providing for a faster negotiation process for all transaction participants.
Since launching the platform in 2020, PropBidder has onboarded customers and active users, who include listing agents, buyer’s agents, and buyers, as well as many relationships with enterprise partners, who include some of the largest brand name brokerages in the US, including Compass, eXP Realty, Coldwell Banker, Century 21, RE/MAX, Keller Williams, Sotheby’s and many others.
PropBidder is based in Denver, Colorado, with offices in Orange County and San Francisco, California.
FinSMEs
28/02/2022