# Propseller Pte.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/propseller-pte

- Industry: Real Estate Development & Operating Companies
- Headquarters: Singapore, Singapore
- Website: www.propseller.com/
- Total disclosed funding: $13M
- Latest round: Series A (Aug 30, 2022)
- Investors on record: 9

## About

Propseller Pte. Ltd. is a property agency based in Singapore that specializes in real estate transactions, providing services for buying, selling, and renting properties through a technology-driven approach.Founded in 2017 by Adrien Jorge, Propseller Pte. Ltd. operates as a property agency in Singapore, focusing on real estate services. The company has not undergone any notable changes in its business strategy since its inception. It is headquartered in Singapore. As of August 30, 2022, Propseller completed its Series A funding round, raising a total of USD 12.00 mn, with Vertex Ventures Southeast Asia & India leading the round and participation from several other investors such as Hustle Fund and Partech. The total amount raised by the company to date is USD 12.00 mn.Propseller operates as a leading property agency in Singapore, specializing in assisting clients with buying, selling, and renting real estate. The company's core offerings include a comprehensive range of real estate services facilitated by a network of licensed property agents supported by specialists in marketing, valuation, and photography. The agency adopts a technology-driven approach, leveraging software and AI to enhance the efficiency of property transactions. Propseller's services are designed to cater to a diverse clientele, including homeowners, investors, and developers, targeting various property segments such as HDB flats, condos, and landed properties primarily within Singapore.For the year 2023, Propseller reported a revenue of USD 5,004,773.20 with an EBITDA of USD -2,544,052.10, reflecting its operational performance in the real estate market. The agency generates revenue primarily through commission-based transactions during property sales and purchases, charging a minimum commission fee of SGD 5,000 or 1% of the selling price for its services.Following its Series A funding round in August 2022, where it raised USD 12.00 mn, Propseller plans to expand its market presence and offerings overseas. The funding will be utilized to support its international expansion strategy, allowing the company to explore new geographical regions and enhance its service capabilities in real estate. Details on specific new products or timelines for their rollout have not yet been disclosed.

## Funding rounds

- Series A, Aug 30, 2022, $12M — Partech Partners, Vertex Ventures Southeast Asia & India, Vulpes Investment Management, Hustle Fund, Rapzo Capital, Redbadge Pacific, Iterative, ICCP SBI Venture Partners (ISVP)
- Seed, Oct 19, 2020, $1.3M — Hustle Fund, Rapzo Capital, Iterative, XA Network

## Investors

- Hustle Fund (https://capitalatlas.ai/funds/hustle-fund) — Seed, Series A
- Rapzo Capital — Seed, Series A
- Iterative (https://capitalatlas.ai/funds/iterative) — Seed, Series A
- XA Network (https://capitalatlas.ai/funds/xa-network) — Seed
- Partech Partners (https://capitalatlas.ai/funds/partech-partners) — Series A
- Vertex Ventures Southeast Asia & India (https://capitalatlas.ai/funds/vertex-ventures-southeast-asia-india) — Series A
- Vulpes Investment Management (https://capitalatlas.ai/funds/vulpes-investment-management) — Series A
- Redbadge Pacific (https://capitalatlas.ai/funds/redbadge-pacific) — Series A
- ICCP SBI Venture Partners (ISVP) — Series A