ListingLoop.com.au, a first-of-its-kind real estate marketplace for pre-market and off-market properties, recently closed a $3 million funding round that will enable the company to accelerate its existing strong growth trajectory.
The company, which launched in 2019 and was founded by proptech entrepreneur Rhett Dallwitz and real estate director and strategist Andrew Meehan, gives property buyers quick and easy access to pre-market and off-market real estate – properties that are not typically advertised through mainstream channels and those which property buyers may not otherwise know are for sale.
The raise was led by Michael Locaso from investment and advisory firm LP7, who co-invested in the round and has since become Listing Loop’s Chief Operating Officer.
Business and property entrepreneur Michelle Catelan is the lead investor, hailing from the founding family of RP Data, Australia’s leading property data, information and analytics provider (now CoreLogic). Michelle joins Rhett Dallwitz, Andrew Meehan and Michael Locaso on the Listing Loop board.
A consortium led by specialist property developers Resi Ventures, as well as technology investor Allectus Capital, participated in the funding round joining the likes of other existing sophisticated and professional investors including NBA and NBL legend Andrew Bogut.
Co-founder and Chief Executive Officer, Rhett Dallwitz said “we are extremely proud and excited to welcome these industry heavy hitters as investors in ListingLoop.com.au. Each investor is as committed as we are to innovation and shaking up how real estate advertising is done in Australia”.
“This raise will accelerate our rapid growth and expansion across Australia while continually building out our technology and AI features. From day one we’ve adopted an agile approach that allows us to cater to the needs of independent and franchisee real estate agencies, through to the growing demand from corporate real estate franchisor groups around the country,” Dallwitz said.
In this housing market boom ListingLoop.com.au is giving buyers the upper hand, especially
those who are serious about finding their next home and are tired of missing out. Buyers are notified in real time the moment a new property hits the market allowing them to get in first before the masses.
Listing Loop’s smart tech is giving agents a competitive advantage to win new listings and sell properties faster. Sellers realise that great prices can be achieved with off-market sales and without having to pay expensive advertising fees upfront.