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A Brisbane-based venture capital firm has targeted property management software service OurProperty for its latest investment.
VentureOn Partners has appointed Curtis Thomson as CEO of the outfit following the significant investment, with the firm set to work in “close partnership” with OurProperty on growing the business and further developing its capabilities while working towards a Series A investment to drive global expansion.
Using machine learning and automated workflows, OurProperty is a tenant-focused app that allows renters to lodge requests, submit photos, pay their rent, view their lease, contact their property manager and other tasks all via a single platform. The firm was established in 2017 and has been led by executives Peter Crowther and Russell Burstow with a team of developers based in “four countries and growing”.
It’s the latest investment for VentureOn, which recently made other big moves in the proptech space by acquiring Story Bridge Ventures and Proptech BNE.
With this third outlay, the company stated in a release that it hopes to show its belief in “the transformative potential of proptech”, alongside its aim to “support innovations that enhance the real estate industry”.
Speaking specifically about the firm’s latest pairing, Thomson said: “We are excited about the tremendous potential of OurProperty. With VentureOn’s investment and operational support, we aim to accelerate our growth and expand our footprint globally, offering innovative solutions to our customers.”
With Thomson in place, VentureOn said that it would be looking to establish a strong co-working relationship to take the company international.
“Operational collaboration is a cornerstone of the partnership with OurProperty. This investment reaffirms VentureOn’s vision of nurturing and scaling local SaaS companies to achieve international success,” the firm stated.
ABOUT THE AUTHOR
Juliet Helmke
Based in Sydney, Juliet Helmke has a broad range of reporting and editorial experience across the areas of business, technology, entertainment and the arts. She was formerly Senior Editor at The New York Observer.
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