Australian real estate startup ActivePipe is continuing its international expansion, partnering with the behemoth that is the US National Association of Realtors (NAR), but founder Ashley Farrugia is committed to keeping the company’s startup culture alive and well.
Farrugia confirmed to StartupSmart that NAR has taken a “minor stake” in the business, and that ActivePipe is taking part in the NAR Second Century Ventures 2018 REach® accelerator program, but was unable to reveal any concrete figures.
He did say ActivePipe’s goal is, and has always been, to become a global, profitable business, driving growth through a strong product.
“We build a product that people love and that our users love to use and we focus heavily on that product.”
This latest news follows ActivePipe’s Series A funding round in February, in which it raised $5.9 million from NAB, and a pre-Series A raise of $1.8 million in August last year.
According to Farrugia, the former Smart50 finalist is growing at around 10% percent month-on-month in Australia and New Zealand, and the UK pipeline is coming to fruition and growing quickly. Read more
Stephanie Palmer-Derrien – Smart Company – 10 May 2018