Propseller is a modern real estate agency focused on helping people build wealth with real estate. With a mission to provide valuable, reliable, and fairly priced services, the company has gained recognition as an up-and-coming player in the industry. Notably, in January 2023, Propseller secured the #10 spot in Singapore’s fastest-growing companies of 2024 as per The Straits Times and Statista. The company's impressive growth trajectory is further underscored by the $12M Series A investment it received in August 2022, led by Vertex Ventures, the VC arm of Temasek, a significant investment company in Singapore. This achievement is remarkable as Vertex Ventures is also known as the lead investor of Grab, adding a significant endorsement to Propseller's potential. The company has leveraged a technology-powered approach to redefine the real estate brokerage model, combining the human element of top in-house agents with streamlined technology and centralized operations. This strategy has resonated well with clients, enabling Propseller to achieve an impressive 4.7/5 average Google My Business rating based on 500+ reviews, solidifying its position as Singapore's most-loved real estate agent. Founded in 2018, Propseller is headquartered in Singapore and aims to expand its services beyond helping individuals sell their homes to becoming the preferred brand for comprehensive real estate transactions, including buying and financing properties. The recent $12M Series A investment from a diverse group of investors including Hustle Fund, Redbadge Pacific, Rapzo Capital, Iterative, Jani Rautiainen, Tushar Garg, Vertex Ventures Southeast Asia & India, Steffen Wicker, Vulpes Ventures, and Marta Higuera exemplifies the confidence of the investment community in Propseller's growth potential and its vision for transforming the real estate industry.
Funding Stage | Amount | No. Investors | Investors | Date |
---|---|---|---|---|
Series A | $12.00M | 10 | Vertex Ventures Southeast Asia & India, Tushar Garg +4 | 29 Aug 2022 |
Seed Round | SGD1.70M | 8 | Yang Bin Kwok, Stein Jakob Oeie +2 | 19 Oct 2020 |
Seed Round | SGD3.20M | 1 | 24 Jun 2020 | |
Seed Round | $150.00K | 1 | 01 Jun 2020 | |
Seed Round | Unknown | 1 | 01 Jan 2019 |
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