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Propseller raises USD 1.2 Million seed fund

Singapore: Singapore-based proptech startup Propseller today announced a S$1.7 million (US$1.2 million) seed funding round from a list of investors that include Iterative, Hustle Fund, XA Network, Rapzo Capital, Stein Jakob (Lazada co-founder and former CMO/CFO), Ben Neve (Dot Property Founder), three undisclosed “highly strategic investors”, and existing private investors.

The startup plans to use the funding to support talent acquisitions and product development. In a press statement, it said that it aims to triple its team size within the next six months.

Propseller combines the use of an online platform with in-house, salaried property agents to help ease property sales and rent for its customers.


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